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Reliance Industries hits over 8-year high; m-cap crosses Rs 4 lakh crore

The stock rallied 6% to Rs 1,255, surged 17% in past four trading sessions.

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SI Reporter Mumbai
Reliance Industries (RIL) has rallied 6% to Rs 1,255, hitting an over 8-year high on the BSE in intraday trade. The stock is trading at its highest level since May 30, 2008. A sharp rally in stock has seen the market capitalisation of RIL crossing Rs 4 lakh crore.

At 03:11 pm; the stock was trading at Rs 1,250, with m-cap of Rs 405,629 crore, the BSE data shows. The company’s m-cap gained by Rs 57,336 crore in past four trading sessions.

Earlier in January 18, 2008, RIL had m-cap of Rs 406,949 crore, the Capitaline data shows.

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