Reliance Industries Ltd rose for a third straight session today. The stock is quoting at Rs 1249.45, up 1.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 11567.1. The Sensex is at 38305.89, up 0.07%. Reliance Industries Ltd has added around 11.53% in last one month.

Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has added around 7.76% in last one month and is currently quoting at 15520.25, up 0.74% on the day. The volume in the stock stood at 47.88 lakh shares today, compared to the daily average of 66.76 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 1249.3, up 1.14% on the day. Reliance Industries Ltd is up 60.18% in last one year as compared to a 18.45% gain in NIFTY and a 21.73% gain in the Nifty Energy index.

The PE of the stock is 22.86 based on TTM earnings ending June 18.

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Reliance Industries (RIL) has taken short shutdown of one of the Fluid Catalytic Cracking Units (FCCU) at Jamnagar complex to assure reliability and integrity of operations. The unit is expected to restart within two weeks. Rest of the Jamnagar Complex is operating normally. The Company does not expect any material impact on overall operations of Jamnagar complex

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The announcement was made after market hours yesterday, 7 August 2018.

Meanwhile, the S&P BSE Sensex was up 181.45 points, or 0.48% to 37,847.25.

On the BSE, 2.79 lakh shares were traded in the counter so far compared with average daily volumes of 4.29 lakh shares in the past two weeks. The stock had hit a high of Rs 1208 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 1186 so far during the day. The stock hit a 52-week low of Rs 765 on 29 August 2017.

Reliance Industries (RIL) had earlier intimated on 20 February 2018 that Reliance Industrial and Investment Holdings (RIIHL), a wholly-owned subsidiary of the company, had entered into an agreement with Eros International Plc. agreeing to subscribe, subject to requisite approvals, to 5% equity stake on a fully diluted basis of Eros International Plc.

RIL has now completed the acquisition by subscribing to 31,11,088 'A' ordinary shares at $15 per share for cash aggregating to $46.67 million, translating to 5% equity stake on a fully diluted basis of Eros International Plc. The said investment has been made by RIL directly.

On a consolidated basis, RIL's net profit rose 4.47% to Rs 9485 crore on 54.25% rise in net sales to Rs 128,756 crore in Q1 June 2018 over Q1 June 2017.

RIL is India's largest private sector company. RIL's activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

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Reliance Industries announced that the company has completed the acquisition of 5% equity stake on a fully diluted basis of Eros International Plc.

Reliance Industries has completed the acquisition by subscribing to 3,111,088 'A' ordinary shares at USD 15 per share for cash aggregating to USD 46.67 million.

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