Reliance Industries falls about 1 pc ahead of Q1 results

MUMBAI: Shares of Reliance Industries Ltd today fell by about 1 per cent ahead of its first quarter financial results to be announced later this evening.

The heavyweight stock closed 0.70 per cent lower at Rs 722.65 on the BSE. Intra-day, the stock lost 1.41 per cent at Rs 717.45.

On the NSE, RIL settled at Rs 721.90, down 0.81 per cent from its previous close.

In terms of volume, 2.86 lakh shares were traded on the BSE, while over 28 lakh shares changed hands on the NSE.

"Reliance counter remained volatile ahead of its Q1 results later in the day," said Rakesh Goyal VP Bonanza Portfolio.

Of late, the company has been grappling with falling gas output and various regulatory issues.

At present, the company commands a market value of Rs 2,36,635 crore.

In the broader market, the BSE 30-scrip index, Sensex, ended the day at 17,158.44, down 120.41 points.