Meanwhile, the BSE Sensex was up 7.17 points, or 0.03%, to 20,568.22.
On BSE, 5.26 lakh shares were traded in the counter compared with average volume of 4.16 lakh shares over the past two weeks.
The stock hit a high of Rs 1,076.70 and a low of Rs 1,056.15 so far during the day.
According to reports, Reliance Industries (RIL) along with its consultants is finalising a $5 billion (Rs 22,500 crore) investment plan that may begin as early as next financial year.
The consulting firm will reportedly chart out business plans for the company to make it process-driven as the group plans to move away from its hitherto 'entrepreneurial mode' of functioning to a process-driven outfit with clearly defined and more empowered roles for its top executives on the lines of multinational companies.
Reports suggested that currently, RIL works pretty much in an entrepreneurial way in which a group of four to five people participate in the decision-making process for all new projects across various verticals. Much of the reporting happens to chairman Mukesh Ambani virtually on a day-to-day basis.
Besides, the RIL may also look at some consolidation, which includes selling stakes in some exploration and production (E&P) blocks. Reports also added that RIL has revived its talks with global oil major BP and plans to sell its stake in E&P assets.
Reliance Industries' net profit rose 27.80% to Rs 4923 crore on 22.70% increase in net sales to Rs 57,479 crore in Q2 September 2010 over Q2 September 2009.