Reliance Industries Shares Surge 7%, Market Cap Hits Record High
Jan 29, 2024 14:29
Reliance Industries shares soared over 7% on Monday, reaching a record high and boosting its market capitalization to Rs 19.56 lakh crore. The rally fueled a surge in the broader equity market.
New Delhi, Jan 29 (PTI) Shares of Reliance Industries were in heavy demand, climbing over 7 per cent in late afternoon trade on Monday, with its market valuation crossing Rs 19.56 lakh crore mark.
Rallying for the third day running, the blue-chip stock zoomed 6.81 per cent to reach an all-time peak of Rs 2,895.10 apiece on the BSE.
On the NSE, it jumped 7.16 per cent to reach a record high of Rs 2,900 per share.
In three days, shares of the country's most valued company by market valuation zoomed over 9 per cent.
The company's market capitalisation (mcap) soared to Rs 19,56,771.59 crore during the later afternoon trade.
The sharp rally in the heavyweight stock also fuelled a rally in the equity market. The 30-share BSE Sensex jumped 1,203.90 points to 71,904.57, and the Nifty climbed 375.40 points to 21,715.60.
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