Reliance Industries (RIL) witnessed a rise in share price on Friday after the company disclosed a good increase in consolidated net profit for the quarter ended June 2017. During the quarter, the profit of the company gained 28.05% to Rs 91.08 billion from Rs 71.13 billion in the same quarter previous year.
 
Revenue for the quarter rose 26.71% to Rs 905.37 billion, compared with Rs 714.51 billion for the prior year period.

Gross refining margins recorded nine-year-high of USD 11.9/bbl whereas petrochemicals EBIT margin were at all-time high of 15.8%.

Shares of Reliance Industries are trading at Rs 1,582, up Rs 53.3, or 3.49% at the Bombay Stock Exchange (BSE) on Friday at 10:50 a.m.

The scrip has touched an intra-day high of Rs 1,587.70 and low of Rs 1,544.40. The total volume of shares traded at the BSE is 498,289.

Total volume of shares traded on the bourses today was higher by 56.70% to 7,273,043 compared with 22-day average volume of 4,641,372.