Reliance share price hits record high, market cap crosses ₹19 lakh crore
₹19 lakh crore. Reliance shares rallied as much as 4.19% to a fresh high of ₹2,824.00 apiece on the BSE. On NSE, Reliance share price jumped 4.35% to a record high of ₹2,824.00 apiece.
With its market capitalisation crossing ₹19 lakh crore, Reliance Industries is the most valued company in the Indian stock market. Reliance shares have gained nearly 9% in the past one month, while the stock has surged more than 24% in three months. Three-year returns on Reliance shares come at over 53%.
On January 19, the billionaire Mukesh Ambani-led energy-to-telecom conglomerate Reliance Industries (RIL) reported an 11% year-on-year (YoY) rise in net profit at ₹19,641 crore for the third quarter of FY24. The company’s gross revenue in Q3FY24 increased 3.2% YoY to ₹2,48,160 crore led by continued growth momentum in consumer businesses. The revenue was largely led by retail, oil & gas segments, while the oil-to-chemicals (O2C) arm’s revenue declined on account of lower price realisation.
Read here: Reliance Q3 Results Highlights: Net profit up 11% to ₹19,641 crore; O2C revenue down, retail, telecom arms thrive At 12:00 pm, Reliance shares were trading 4.11% higher at ₹2,821.85 apiece on the BSE with a market cap of ₹19.08 lakh crore. Catch Live Market Updates here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.Milestone Alert!
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