Reliance Industries stock touches record high, market cap hits Rs 17.46 lakh crore – Moneycontrol.com

Shares of oil retail-to-telecom major Reliance Industries surged to a record high on October 6 after attracting healthy buying interest for about two months. The stock hit a market capitalisation of Rs 17.46 lakh crore following several months of consolidation.

Reliance shares climbed to a fresh high of Rs 2,623 on the BSE from the previous day’s close of Rs 2,609.10. The stock was trading at Rs 2,576.10, down 1.26 percent, at 1417 hours, and its partly paid-up shares fell 1.61 percent to Rs 1,930.50.

The company’s market capitalisation touched Rs 16,62,835.93 crore at the record high price, while its partly paid-up stock had a market cap of Rs 83,159.83 crore at its new high of Rs 1,971.85. The combined market capitalisation stood at Rs 17,45,995.77 crore.

The Reliance stock has gained 23 percent over the past two months and it was one of the top five gainers during this period, after Bajaj Finserv, NTPC, Bajaj Finance and HCL Technologies. It was also one of the drivers that…

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