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Reliance Industries mcap climbs to near Rs 20 lakh crore mark

Reliance Industries mcap climbs to near Rs 20 lakh crore mark

Reliance Industries witnessed significant demand for its shares, surging over 7 percent in late afternoon trading on Monday, pushing its market valuation beyond the Rs 19.56 lakh crore mark.

Continuing its upward trend for the third consecutive day, the blue-chip stock soared by 6.81 percent, reaching an unprecedented high of Rs 2,895.10 per share on the BSE. On the NSE, it surged by 7.16 percent, hitting a record peak of Rs 2,900 per share.

In just three days, the shares of India's most valuable company by market capitalization surged by over 9 percent. The company's market capitalization skyrocketed to Rs 19,56,771.59 crore during the late afternoon trading session.

The remarkable rally in Reliance Industries' stock also ignited a surge in the overall equity market. The 30-share BSE Sensex surged by 1,203.90 points to reach 71,904.57, while the Nifty climbed by 375.40 points to reach 21,715.60.

This surge in Reliance Industries' share price and market valuation not only reflects investor confidence in the company but also contributed significantly to the overall bullish sentiment in the equity market, driving indices to new highs.

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Reliance Industries mcap climbs to near Rs 20 lakh crore mark

Reliance Industries mcap climbs to near Rs 20 lakh crore mark

Reliance Industries witnessed significant demand for its shares, surging over 7 percent in late afternoon trading on Monday, pushing its market valuation beyond the Rs 19.56 lakh crore mark.

Continuing its upward trend for the third consecutive day, the blue-chip stock soared by 6.81 percent, reaching an unprecedented high of Rs 2,895.10 per share on the BSE. On the NSE, it surged by 7.16 percent, hitting a record peak of Rs 2,900 per share.

In just three days, the shares of India's most valuable company by market capitalization surged by over 9 percent. The company's market capitalization skyrocketed to Rs 19,56,771.59 crore during the late afternoon trading session.

The remarkable rally in Reliance Industries' stock also ignited a surge in the overall equity market. The 30-share BSE Sensex surged by 1,203.90 points to reach 71,904.57, while the Nifty climbed by 375.40 points to reach 21,715.60.

This surge in Reliance Industries' share price and market valuation not only reflects investor confidence in the company but also contributed significantly to the overall bullish sentiment in the equity market, driving indices to new highs.

 
 
 

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