Confidence share prize for the second direct session after the fourth quarter of the first quarter - can the rally sustain? | Einsmark news

Reliance share price expanded its profits to the second consecutive session, with almost 3 percent in the Intraday trade on Tuesday, April 29, fed by the company’s better-than-expected March Quarter (Q4) results. Reliance share price opened at £ 1,370.35 compared to the previous closure of £ 1,368.50 and climbed 2.7 percent to the £ 1405.95 level. At around 12:15 p.m., India’s largest share in terms of market cap traded at £ 1,404.60, with 2.64 percent. In the previous session, the stock rose 5.3 percent on the BSE. Taking into account the highlight of today, the stock rose 8 percent in two sessions. Q4 Boost: Reliance share price at an upward reliance industries beat street estimates with a year-on-year growth of 6 percent in its consolidated profit for Q4FY25, led by a revival in its retail business and better realized in the telecommunication segment. However, the core oil-to-chemicals (O2C) business remained under pressure. Reliance reported consolidated profit of £ 22,434 crore in Q4FY25, higher than the £ 18,471.4 crore consensus estimate of analysts asked by Bloomberg. Meanwhile, the company’s board of directors has also approved a fundraising plan to raise up to £ 25,000 through the issuance of listed, secure/unsecured, redeemable non-convertible debentures in one or more tranches on a private placement base. (This is a developing story. Come and check out new updates.) First published: 29 Apr 2025, 12:17 IST