Reliance Industries board to meet on January 19 to approve Q3 results
Reliance Industries' board will meet on January 19 to consider and approve results for the quarter ended December 2023.
“The meeting of the Board of Directors of the Company is scheduled to be held on Friday, January 19, 2024, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and nine months ended December 31, 2023,” the company said in an exchange filing.
RIL’s recently listed subsidiary Jio Financial Services will be releasing its quarterly earnings on Monday.
After relatively underperforming in 2023, shares of RIL played catch and clocked more than 6% gains this week. This upmove led the stock to a new lifetime high of Rs 2,746.65.
On Friday, shares of RIL ended 0.8% higher on the National Stock Exchange at Rs 2,741.45, and Jio Financial closed 1.4% up at Rs 255.05.
Strong gains in just three sessions saw RIL’s market capitalization move past the Rs 18 lakh crore mark again.
Thanks to the rally in RIL shares, Chairman Mukesh Ambani’s networth topped the $100 billion mark.
Investors will focus on the growth strategy for Jio Financial, expansion plans in the retail and telecom businesses, and capital investment roadmap.
