Reliance Industries Mcap Hits Rs 17 Lakh Crore Mark as Shares Hit Record High

Billionaire Mukesh Ambani-led Reliance Industries‘ shares scaled a record high on Monday, cementing the oil-to-telecom conglomerate’s place as the nation’s most beneficial firm. With the achieve in RIL shares, the group’s market capitalisation touched the Rs 17 lakh crore mark for the primary time ever, simply days after reaching the Rs 16 lakh crore mark.

Reliance Industries shares traded 1.5 per cent increased at Rs 2,520.7 on BSE in afternoon offers, quickly after hitting a document excessive of Rs 2,523.9.

Heavyweight RIL shares have been the most important contributor to the achieve in each Sensex and Nifty50.

Reliance Industries shares have damaged a sequence of data within the latest previous.

As of Friday’s closing worth, RIL shares have given a return of 25 per cent to buyers thus far in 2021, in step with Sensex’s 26 per cent.

Here’s how the RIL inventory has carried out prior to now yr:

Earlier this month, Ambani mentioned his group had began creating the inexperienced vitality advanced in Jamnagar with an funding of Rs 75,000 crore. Reliance Industries would create or allow a minimum of 100 GW out of 450 GW renewable goal of India by 2030, the billionaire mentioned, calling local weather change a worldwide drawback.