Reliance Industries stock rallies 7%, mcap tops Rs 19.5 trillion

Robust retail, oil and gas performance, steady digital services drive company's earnings growth

Reliance Industries’ (RIL’s) market capitalisation (mcap) crossed the Rs 19.5 trillion mark on Monday, as the stock price of the country’s most valued company rallied 7.2 per cent to hit a new high of Rs 29,005 on the BSE in intraday trade. The stock surpassed its previous high of Rs 2,792.65 touched on January 15.

It ended 6.8 per cent higher at Rs 2,896 per share as against a 1.7 per cent rise in the S&P BSE Sensex. RIL recorded its sharpest single-day rally since September 10, 2020.

At close, RIL’s mcap stood at Rs 19.59 trillion, BSE data shows.