Reliance Industries shares rise on better earnings

Reuters
A crow sits a Reliance logo installed on its mart in Ahmedabad January 17, 2014. REUTERS/Amit Dave/Files

MUMBAI (Reuters) - Shares in Reliance Industries Ltd rise, after its June-quarter earnings beat estimates. RIL was trading up 2.7 percent to 1002.65 rupees as of 10:27 a.m. The energy conglomerate on Saturday posted a net profit of 59.57 billion rupees ($988 million) in the quarter ended June, rising from 52.37 billion rupees a year earlier. Revenue rose 7.2 percent to 1.08 trillion rupees. Analysts on average expected it to post a profit of 56.14 billion rupees, according to Thomson Reuters data. (Reporting by Indulal PM; Editing by Sunil Nair)