MUMBAI Jan 21 Shares of Indian conglomerate Reliance Industries Ltd rose 4.2 percent in pre-open trade, after posting a better-than-expected 24 percent jump in third-quarter net profit.
The company on Friday posted its first profit increase after four quarters of declining returns, buoyed by improving margins in its core oil refining business. (Reporting by Abhishek Vishnoi; Editing by Anand Basu)
Trending On Reuters
India GDP Data
India's economy grew faster than China's in the quarter through March, data showed on Friday, but a sharp downward revision for the previous quarter fuelled doubts about the accuracy of a new method used to measure economic activity. Read | Graphic