Meanwhile, the BSE Sensex was provisionally up 133.63 points, or 0.78% to 17,210.81.

On BSE, 9.90 lakh shares were traded in the counter as against average daily volume of 8.48 lakh shares in the past one quarter.

The stock hit a high of Rs 825 and a low of Rs 796.60 so far during the day. The stock had hit a 52-week low of Rs 687.55 on 2 January 2012. The stock had hit a 52-week high of Rs 1,065.55 on 1 April 2011.

The stock had underperformed the market over the past one month till 25 January 2012, rising 5.85% compared with Sensex's 8.5% rise. The scrip had also underperformed the market over the past one quarter, declining 9.7% as against Sensex's 1.03% fall.

India's largest private sector company by market capitalisation has equity capital of Rs 3274.69 crore. Face value per share is Rs 10.

The Reliance Industries (RIL) stock has surged 5.59% in three trading sessions from Rs 771 on 23 January 2012. RIL early this week said that its share buyback programme will begin on 1 February 2012 and close on 19 January 2013. Its controlling shareholders, who own 44.7% of the equity, will not participate in the offer. RIL had said last week that it will buyback up to 12 crore shares at a maximum price of Rs 870 and payable in cash up to an aggregate amount not exceeding Rs 10440 crore from the open market through stock exchanges.

RIL's net profit fell 13.6% to Rs 4440 crore on 40.2% growth in turnover to Rs 87480 crore in Q3 December 2011 over Q3 December 2010. RIL announced the results after trading hours on Friday, 20 January 2012.

Reliance Industries' (RIL) activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and infotel. RIL is the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products.

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