Better petchem prospects, low-cost Jio smartphone launch push RIL stock

Shares of Reliance Industries are up more than 9 per cent over two days to Rs 2,160.45

Shares of Reliance Industries (RIL) are up more than 9 per cent over two days to Rs 2,160.45 on the BSE, and have traded higher for four straight sessions.
 
The stock has seen its sharpest intraday gain of 5 per cent in nearly two months, in each of the past two sessions. The rise is backed by heavy volumes.
 
In the past two days, the average trading volumes on the counter jumped nearly fivefold, with around 29 million shares changing hands (the NSE and the BSE combined). In comparison, an average of around 6 million RIL shares were