RIL up over 5% intraday post Q2, top gainer on Sensex, Nifty

Shares of Reliance Industries soared over 5% after the company reported its highest ever quarterly net profit of Rs 6,720 crore for the three months ended September 30. The stock jumped 5.24% to Rs 960 on BSE. On NSE, it gained 5.23% at Rs 959.90.

The blue-chip was the top gainer on both Sensex and Nifty.

"Reliance Industries reported its quarterly numbers after market hours on Friday and posted better-than-expected result," said Jayant Manglik, President, Retail Distribution, Religare Securities Ltd.

Net profit for July-September of 2015-16 rose 12.5% to Rs 6,720 crore, or Rs 22.8 per share, from Rs 5,972 crore, or Rs 20.3 a share, in the same period last fiscal, the company had said in a statement on Friday, post market hours.

At 1244 hours, the company's scrip was at Rs 954.95, up Rs 42.75 or 4.69% from previous day's close.

Sales, however, fell 33.8% to Rs 75,117 crore on benchmark crude oil prices halving. Net profit after excluding exceptional items was up 4% at Rs 6,468 crore.