The Sensex advanced 166.96 points or 0.29 per cent to its new closing record of 58,296.91. It touched an all-time high of 58,515.85 during the session
If the "stock price structure" and market participants continue to dominate like the ways it is currently indicating, the shares of Reliance Industries may double in the next one year easily
Its stock price up 17.3%, outperforming the index that is up 10.5%
Reliance Industries, Infosys, HDFC, Bajaj Finance and Wipro also saw a rise in their market valuations, while HDFC Bank, ICICI Bank and SBI suffered losses
Deal activity doesn't suggest an industry gearing up for a rally in demand.
Reliance could reach an agreement with energy firm as soon as the coming weeks.
BSE Sensex rallied 3.21 per cent last week; HDFC Bank's capitalisation rose by Rs 37,563.09 crore.
Reliance Retail Ventures, a subsidiary of Reliance Industries said it will acquire a 40.95 per cent stake in Just Dial for Rs 3,497 crore
Mindtree, Tata Metaliks, Deccan Health Care, Shree Ganesh Remedies and WS Industries are among eight companies that will release quarterly earnings today
In their base case scenario, Jefferies maintains a price target of Rs 2,540 on RIL stock - an upside of around 15 per cent from the current levels
RIL and SBI were the only two companies from the top-10 list that witnessed erosion from their market capitalisation for the week ended Friday
Analysts believe the recent move of creating an O2C segment will open various new avenues for RIL in terms of both opportunities and upside
The country's most-valuable firm reported record quarterly profit for the quarter ended Dec 31, but didn't disclose gross refining margins, a key metric to analyse its oil and petrochemicals vertical
Reliance Industries' consolidated net profit, of Rs 13,101 crore in the December quarter, jumped 37 per cent sequentially, and beat Street expectations of a 32 per cent QoQ profit improvement
Early this year, Mukesh Ambani had announced Reliance Jio's commercial pact with Google to jointly develop entry-level affordable 4G and possibly 5G smartphones for a '2G mukt Bharat'
The next positive catalyst may be a sharp refining margin recovery, which is more of a H2CY21 story, says JP Morgan
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The two segments account for half the consolidated operating profit, with retail being the key outperformer in Q2
With eight deals in four weeks, analysts were expecting the valuation of the firm to touch at least Rs 4.5 trillion
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