April 18, 2019 / 7:20 AM / 3 months ago

BUZZ-India's Reliance Industries rises ahead of March qtr results

** Shares of Reliance Industries rise as much as 3.1 pct to 1,385 rupees, their highest since April 3

** Stock posts biggest intraday pct gain in over two weeks; co is scheduled to report March quarter results later in the day

** Saudi Aramco, the world’s biggest oil producer, is in talks to buy a stake in co’s refining and petrochemicals businesses, sources said on Wednesday

** Stock is the biggest boost on the broader NSE index

** Business news website Moneycontrol on Wednesday reported that Reliance Industries was in talks to buy British toy store chain Hamleys; Reliance declined to comment

** Up to Tuesday’s close, stock up 19.84 pct so far this year

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