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RIL sees sharpest intra-day gain in over 2-months; more upside likely

Jefferies maintains 'buy' rating on the stock with price target of Rs 2,580 per share.

Reliance Industries, RIL
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Deepak KorgaonkarAvdhut Bagkar Mumbai
Shares of Reliance Industries (RIL) were trading higher for the third straight day, and recorded their sharpest intra-day gain of 5 per cent in nearly two months. The stock traded at Rs 2,072.95 on the BSE in intra-day deals on Friday on heavy volumes.

Earlier, on March 3, 2021, RIL had rallied 5.4 per cent in intra-day trade and settled 4.5 per cent higher at Rs 2,201.35. The stock hit a record high of Rs 2,368.80 on September 16, 2020.

At 11:59 am; RIL was up 4.4 per cent at Rs 2,065 on the BSE, as compared to

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