Shares of Reliance Industries continued to rally for the second day in a row on Thursday, climbing more than 5 per cent in two days, and adding Rs 93,121.64 crore to its market valuation.
The stock of the country’s most valued firm by market capitalisation (mcap) climbed 2.58 per cent to settle at Rs 2,718.40 apiece on the BSE. During the day, it jumped 2.83 per cent to reach its fresh 52-week high of Rs 2,724.95.
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On the NSE, it climbed 2.48 per cent to Rs 2,716 per share. In two days, the stock has rallied 5.33 per cent, adding Rs 93,121.64 crore to its market valuation. The company’s market valuation stood at Rs 18,39,183.64 crore.
Nine of top 10 valued firms add Rs 95,522 cr to market valuation; Reliance, TCS lead gainers Market rally leads to higher regulatory fees for stock exchanges Meet the daughter of Hyderabad’s richest man, who helps run her family’s Rs 8,049 crore company and recently purchased two lavish properties for Rs 80 crore PFC gains over 5%; brokerages hike target price by as much as 28%
Buying in the heavyweight stock also helped the equity benchmark indices settle higher. The BSE benchmark ended 63.47 points or 0.09 per cent higher at 71,721.18, and the Nifty climbed 28.50 points or 0.13 per cent to 21,647.20.
n volume terms, 3.44 lakh shares of the company were traded on the BSE and over 1.18 crore shares on the NSE during the day.
