12-Jan-2024
2 mins read
In a remarkable turn of events, Reliance Industries has witnessed its shares soar for two consecutive days, culminating in a significant increase of over 5% in this brief period. This surge has notably augmented the company’s market valuation by an impressive Rs 93,121.64 crore.
The stock of this premier enterprise, celebrated as the most valued firm in the country based on market capitalisation, saw an uptick of 2.58% to close at Rs 2,718.40 per share on the BSE. Notably, during the trading session, the stock peaked at an all-time 52-week high, reaching Rs 2,724.95, marking a 2.83% rise.
Similarly, on the National Stock Exchange (NSE), the company’s shares experienced a 2.48% increase, concluding the day at Rs 2,716 per share.
This two-day rally has propelled the stock by 5.33%, enhancing the company’s market valuation to an astounding Rs 18,39,183.64 crore. This positive trajectory in Reliance Industries’ stock has also played a pivotal role in uplifting the broader equity benchmark indices.
The BSE benchmark concluded with a gain of 63.47 points, or 0.09%, settling at 71,721.18. Concurrently, the Nifty advanced by 28.50 points or 0.13%, reaching 21,647.20.
The trading session witnessed significant activity in Reliance Industries’ shares. On the BSE, about 3.44 lakh shares were traded, while the NSE saw over 1.18 crore shares changing hands.
This strong performance of Reliance Industries not only highlights the company’s substantial market presence but also reflects investor confidence in its continued growth and stability.