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The shares of Reliance Industries hit record highs on Friday taking its market capitalisation to over the ₹15-lakh-crore mark for the first time.
The company recorded a fresh 52-week high of ₹2,394.30 on the BSE. It closed at ₹2388.25, up ₹94.60 or 4.12 per cent. It had opened at ₹2307.50 as against the previous close of ₹2293.65. On the NSE, it closed at ₹2,389.65, up ₹95.25 or 4.15 per cent. It hit a fresh 52-week high of ₹2395.
Jumps on Just Dial deal
At the end of Friday, RIL’s market cap stood at ₹15.14 lakh crore, up from about ₹14.54 lakh crore. RIL has given a return of 20.31 per cent year-to-date.
The company’s shares gained after Reliance Retail Ventures Limited took over the sole control of Just Dial as announced on Thursday.
Separately, RIL Chairman Mukesh Ambani, speaking at the International Climate Summit 2021 on Friday, reiterated the company's commitment to invest ₹75,000 crore over the next three years in green energy initiatives and its efforts to bring down the cost of green fuel.
Furthermore, RIL is also set to launch its JioPhone Next, a smartphone jointly developed with global internet major Google on September 10.
As per the Bloomberg Billionaires Index as of September 3, Ambani's net worth rose by $1.01 billion in today’s trading. While so far this year, his net worth has surged by $12.1 billion. Ambani's total net worth stands at $88.9 billion and holds 12th rank on the index.
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