Reliance Industries market-cap hits $100bn-mark; stock rallies 5%

Shares of Reliance Industries and banking stocks lifted the Sensex to new highs in Thursday’s trade.

Jul 12, 2018 09:07 IST India Infoline News Service

High angle view of two business executives working at the stock exchangeReliance Industries has reclaimed the $100bn market capitalization (m-cap) mark in Thursday’s trade after the company's stock hit a fresh 52-week high of Rs1,099 on the NSE.


The stock rose for the fifth consecutive session on Thursday. Following the uptick on the counter, the market capitalization of the company touched Rs6,88,513.11cr (around $100bn).

Shares of Reliance Industries and banking stocks lifted the Sensex to new highs in Thursday’s trade.

On July 5, Mukesh Ambani, at the company’s 41st annual general meeting, said that RIL aims to double sales in about seven years, even as the company explores ways to boost the profitability of its mainstay refinery and chemicals businesses.

Reliance Industries share price is currently at Rs1,093.40, up Rs57.05, or 5.5%, from its previous close of Rs1,036.35 on the BSE.
The scrip opened at Rs1,043.15 and has touched a high and low of Rs1,098.80 and Rs1,043.15, respectively. So far, 2,16,51,530 (NSE+BSE) shares have been traded on the counter.

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