Analysts cautious on RIL as stock hits new high; m-cap nears Rs 10 trillion

Continuing its upswing, Reliance Industries (RIL) on Wednesday hit a fresh lifetime high of Rs 1,571 apiece on the BSE, up 4 per cent, thus nearing Rs 10 trillion market capitalisation (m-cap). On Tuesday, RIL became the first Indian company to cross the m-cap of Rs 9.50 trillion. 

At 09:31 am, the stock was trading over 3 per cent higher at Rs 1,558.40 apiece on the BSE as compared to 0.43 per cent rise in the S&P BSE Sensex. The m-cap of the company stood at Rs 9.91 trillion. 

On October 18, RIL had become the first company to cross