Institutional investors such as mutual funds and insurance companies seem to be have caught a fancy for shares of Reliance Industries as their holding in the company has grown to a record high.
In the process, the market value of overall institutional holding in RIL has grown by more than Rs 1,500 crore.
Despite a dismal performance of the stock, in comparison to the broader market trends, MFs as also government and private insurers have raised their holding in the company over the past six months.
RIL shares have not performed very well in the recent months. The stock has fallen by over 6 per cent over the past one year.