Shares of Reliance Industries climbed as much as 5% in early trade on Friday, after the country's most valuable company topped quarterly profit estimates on strong demand in its retail and telecom units.

The shares of the Mukesh Ambani-led conglomerate surged by nearly 3% after robust Q3 figures, beating D-street estimates

Reliance Industries Ltd on Thursday (January 16) reported a 7.4% rise in its December quarter net profit, as its retail business rebounded and telecom earnings rose.

Reliance Industries beat expectations for third-quarter profit on Thursday, as its retail business benefited from strong festive demand, while its telecom unit was bolstered by higher cellular tariffs and a rise in 5G subscribers.

Stay informed with our live blog covering India’s latest in politics, economy, crime, and general news. Get real-time updates on political developments, financial trends, crime reports, and important events across the country.