Reliance Industries hits new high, gains 10% in 3 weeks

The stock hit a new high of Rs 1,011.70, up 1% on the BSE, surpassing its previous high of Rs 1010.70 recorded on April 27, 2018.

Reliance Industries (RIL) hit a new high of Rs 1,011.70 up 1% on the BSE in noon deal, surpassing its previous high of Rs 1010.70 recorded on April 27, 2018 in intra-day trade.

In past three weeks, RIL has outperformed the market by surging 10% as compared to 4% rise in the S&P BSE Sensex.

Thus far in the financial year 2018-19 (FY19), the stock was up 14% against 8% surged in benchmark index. In entire FY18, RIL had rallied 34% against 11% gained in the benchmark index.

RIL’s consolidated annual revenues in FY18 grew significantly at