|Bid||2,068.20 x 0|
|Ask||2,069.90 x 0|
|Day's range||2,041.00 - 2,079.00|
|52-week range||875.70 - 2,368.80|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||30.77|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
BENGALURU (Reuters) -Indian conglomerate Reliance Industries Ltd reported a 58% jump in quarterly revenue on Friday, led by a strong show at its dominant oil and gas business. India's most valuable company, which operates the world's biggest refining complex at Jamnagar in western India, benefited from a sharp increase in product prices on the back of higher crude prices. "Stronger oil fundamentals, vaccination programs and better demand outlook have resulted in a steady rise in crude prices throughout the first quarter," the company, led by billionaire Mukesh Ambani, said in a statement.
Oil-to-telecoms conglomerate Reliance Industries's retail arm is buying a nearly 41% stake in search and database firm Just Dial Ltd for 34.97 billion rupees ($468.84 million), the companies said late on Friday. Billionaire Mukesh Ambani-owned Reliance Retail will also make an open offer to public shareholders of Just Dial to acquire an additional 26%, according to regulatory requirements. Reliance has been on an acquisition spree to ramp up its online retail offerings and, over the past three years, has bought British toy retailer Hamleys, music streaming service Saavn, online furniture retailer Urban Ladder and e-pharmacy Netmeds.
The local e-commerce upstart has made terrific progress in just over a year, and has plans to go bigger.