Reliance Industries Shares Surge 7%, Market Cap Hits Record High

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.