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.

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 Ltd's shares climbed nearly 5% following a reported 7.4% rise in net profit for the December quarter. The boost was driven by rebounds in retail, increased telecom earnings, and steady oil and petrochemical performance.

Reliance Industries on Thursday reported a better-than-expected third-quarter profit, helped by strong performance across its energy, retail and digital services segments.

Reliance Industries Ltd. 500325 shares rose 1.31% to 1,268.70 Indian rupees Thursday, on what proved to be an all-around positive trading session for the stock market, with the BSE SENSEX Index 1 rising 0.

Reliance Industries Limited (RIL) on Thursday reported a 7.4 per cent rise in its December quarter profit, PTI quoted the company filing. The company reported a consolidated net profit of ₹18,540 crore,