Reliance Industries rallies 7% in two days; stock nears record high

Long term prospects and dominant standing of RIL in each of its product & service portfolio provides comfort for long term value creation, analysts said.

Shares of Reliance Industries (RIL) were up 3 per cent at Rs 2,816.35 on the BSE in Friday’s trade, having rallied 7 per cent in the past two trading days amid heavy volumes. RIL has seen addition of Rs 1.25 trillion in its total market capitalisation of Rs 19.05 trillion during this period. 

The stock of the Mukesh Ambani-led company was trading close to its record high of Rs 2,855 touched on April 29, 2022. A combined 5.8 million equity shares had changed hands on the counter till 10:44 am. An average around 7 million equity shares have been