RIL Shares Hit New 52-Week High As Board To Consider Dividend Proposal Soon

Shares of Reliance Industries Ltd today traded new 52-week high as the company is expected to recommend dividend on equity shares of the company in its upcoming meeting on July 21, 2023. Current market price of Reliance Industries share is Rs 2814.15 per share with intraday gain of 0.63% till 1:58 pm on BSE. The stock also traded new 52-week high on July 17, 2023. Check details below:

Reliance Industries To Recommend Dividend In Upcoming Meeting: As per the BSE filing of Reliance Industries dated July 17, 2023, "Further to our disclosure dated July 14, 2023, we wish to inform you that at the Board Meeting scheduled to be held on Friday, July 21, 2023, it is inter alia proposed to recommend dividend on equity shares of the Company for the financial year ended March 31, 2023."

Earlier on July 14, Reliance Industries informed BSE that a meeting of Board of Directors of the company is scheduled to be held on Friday, July 21, 2023, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter ended June 30, 2023.

Reliance Industries Stock Performance & Return: Current market price of RIL share is Rs 2814.15 per share with intraday gain of 0.63% on BSE. Its 52-week high price is Rs 2838.00 per share and 52-week low price is Rs 2180.00 per share, respectively. Its market capitalisation is Rs 19,03,031.61 crore. Reliance Industries shares offered 20% return in last 3-months, gave 14% return in last 6-months, rallied 16% in last 1-year, and offered 160% return in last 5-years. Reliance Industries shares gave 519% return in last 10-years.

Reliance Industries Recent Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 215,863.00 crore, down 2.02% from last quarter total income of Rs 220,311.00 crore. It announced its latest quarter net profit after tax at Rs 21,296.00 crore.

Reliance Industries About: Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India. It has evolved from being a textiles and polyester company to an integrated player across energy, materials, retail, entertainment and digital services. In 2023, RIL ranked #45 on Forbes Global 2000 list; is top-ranked Indian company, according to its official website.

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