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Reliance Industries hits 11-month high; stock inches towards record high

The stock was up 1.3% at Rs 2,229, its highest level since October 2020

Reliance Industries
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Reliance Industries

SI Reporter Mumbai
Shares of Reliance Industries (RIL) moved higher by 1.3 per cent, hitting a 11-month high of Rs 2,299 on the BSE in the intra-day trade on Thursday on report that the company looks to acquire Europe's largest solar panel manufacturer.

The stock was trading at its highest level since October 2020 and is 3 per cent away from its record high level of Rs 2,369, touched on September 16, 2020. In the past one month, RIL has outperformed the market by gaining 11 per cent as compared to a 9 per cent rise in the S&P BSE Sensex.

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