Shares in Reliance Industries have notched higher for the sixth straight day, surpassing levels of Rs. 2100 per share, hitting new high of Rs. 2149.9 on the NSE. This is even as benchmark indices are trading with losses of close to 1% on US-China woes.
RIL shares in trade today are the outlier with huge gains of over 3% and the gains are likely on news reports that suggest Amazon eyes a 9.9% stake in the conglomerate's retail arm. On the sharp surge, RIL also bagged the title of first Indian company having hit a market cap of over Rs. 13 lakh crore. A gain of Rs. 1 lakh crore is interestingly achieved in a matter of just 8 trading sessions.
The heavyweight share has gained 147.71% from its 52-week low of Rs 867.82 reached on March 23 this year. On July 22, the stock of the firm hit the historic mark of Rs 2,000 for the first time.