INSUBCONTINENT EXCLUSIVE:
Reliance Industries (RIL) on Thursday became the first Indian company to cross Rupee8 lakh crore market capitalisation
Overall this year, the company’s market cap has increased by over Rupee2 lakh crore amid the surge of 37.8% in its share price
The stock ended up nearly 2% at Rupee1,269.70 on the BSE on Thursday after scaling a record high of Rupee1,273.55 during the session
Expectations of continued strong performance in RIL’s telecom arm, Jio, have continued to attract investor interest in the stock
Since September 2016, foreign investors and local mutual funds have substantially increased their stakes
“Valuations are still attractive
I expect Reliance Industries to rise to Rupee1,500 by next Diwali,” said Sanjiv Bhasin, executive VP-markets and corporate affairs, at
