April 27, 2018 / 4:39 AM / a month ago

BUZZ-India's Reliance Industries hits record high ahead of results

** Shares of Reliance Industries Ltd climb as much as 3.6 pct to 1,011 rupees, a record high

** Co, led by India’s richest man Mukesh Ambani, is set to report its March-qtr results later in the day

** The energy-to-telecoms conglomerate is expected to report record quarterly consolidated profit of about 95 billion rupees ($1.42 billion), according to Thomson Reuters estimates

** Reliance’s market cap, which breached $100 bln in 2007, hovers around $95 bln

** More than 4.9 mln shares have changed hands, compared with their 30-day moving avg of 6.47 mln shares

** Stock has risen nearly 6 pct this year up to Thursday’s close ($1 = 66.7150 Indian rupees)

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