Mukesh Ambani led Reliance Industries (RIL), witnessed a decline in share price on Monday. The company on Friday reported a better-than-expected growth in standalone net profit for the fourth quarter of financial year 2015. During the quarter, earnings went up 10.87% over prior year period to Rs 62.43 billion.
On the other hand, the company's consolidated March quarter profit rose 8.5% over prior year period to Rs 63.81 billion. However, revenue for the quarter declined 34% over previous year period to Rs 696.42 billion.
Shares of the company are trading at Rs 919.40, down Rs 7.45, or 0.80% at the Bombay Stock Exchange (BSE) on Monday at 10:06 a.m.
The scrip has touched an intra-day high of Rs 937.95 and low of Rs 913. The total volume of shares traded at the BSE is 189,483.