Shares of Reliance Industries on Tuesday rose by 2 per cent even as the company reported drop in quarterly net profit, hurt by weak demand and lower natural gas output.
At NSE too, it was up 2 per cent to Rs 839.95.
Later, however, some profit-booking emerged and the scrip was trading marginally down from yesterday's close.
"RIL's net sales were lower than our expectations, while net profit was above our estimates on account of higher-than- expected other income," Angel Broking said in a report.
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