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.

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