Posted 1/29/2024, 6:13:19 AM
Reliance Industries Hits New High as Market Cap Tops ₹19.5 Lakh Crore on Robust Earnings and Bullish Outlook
- Reliance Industries stock hits record high, market cap crosses ₹19.5 lakh crore
- Stock up 11% in January after gains in Dec and Nov; biggest single-day gain since Sept 2020
- Taking support from 100-day moving average since Dec
- Oil & gas and retail businesses report record quarterly revenue and profits
- Stock expected to keep rising with discretionary spending and retail expansion