Reliance Industries hits new high, gains over 4%

The stock hit a new high of Rs 859, up 4%, extending its Tuesday's nearly 1% gain on BSE.

Reliance Industries (RIL) hits a new high of Rs 859, up 4%, extending its Tuesday’s nearly 1% gain on BSE. The stock surpassed its previous high of Rs 832.70 touched on September 7, 2017 in intra-day trade.

RIL is the second best performer stocks from the 30 share index Sensex, gaining 56% so far in the calendar year 2017 (CY17), as against 21% rise in the benchmark index. Tata Steel has rallied 74% so far in CY17.

Since July 20, post April-June (Q1FY18) results, the stock have outperformed the market by gaining 10% as compared to 1% rise