Reliance Industries Ltd Hit Record High, Reclaims $100 Billion Market Cap

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Mukesh Ambani's Reliance Industries Limited (RIL) hit record high at Rs 1,055.50 per share after surged by 1.6 percent. It has been the best performer in BSE Sensex today.

    Reliance Industries Ltd Hit Record High, Reclaims $100 Billion Market Cap
     

    The oil-to-telecom conglomerate reclaimed its $100 billion market capitalization position once again for the first time since January 2008. As per Bloomberg's data, the trading volume of the shares of RIL has been five times higher its 30-day average, rising for the fifth session to make it its longest winning streak in over a month. Its last five gains have accounted for a nearly 10 percent gain in share price.

    The share price has been rallying since the company's AGM on July 5, last week.

    Last week, MD and Chairman Mukesh Ambani announced in the company's annual general meeting the launch of its much-awaited wired broadband service-JioGigaFiber. He also said that the customer base of its telecom arm Reliance Jio grew from 124 million to 215 million since the last AGM.

    Aided by RIL, the BSE Sensex hit a fresh record high of 36,545.20 and NSE Nifty reclaimed the 11,000-mark for the first time since February 1, 2018.

    Read more about: ril reliance
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more