Wednesday, Aug 12, 2020 | Last Update : 06:42 AM IST

140th Day Of Lockdown

Maharashtra53560136843518306 Tamil Nadu3086492506805159 Andhra Pradesh2445491547492203 Karnataka1886111055993398 Delhi1461341316574131 Uttar Pradesh126722767212120 West Bengal98459671202059 Bihar8274154139450 Telangana8075157586637 Gujarat71064542382652 Assam5883842326145 Rajasthan5249738235789 Odisha4592731785321 Haryana4163534781483 Madhya Pradesh3902529020996 Kerala3433121832109 Jammu and Kashmir2489717003472 Punjab2390315319586 Jharkhand185168998177 Chhatisgarh12148880996 Uttarakhand96326134125 Goa871259575 Tripura6161417641 Puducherry5382320187 Manipur3752204411 Himachal Pradesh3371218114 Nagaland30119738 Arunachal Pradesh223115923 Chandigarh1595100425 Meghalaya11154986 Sikkim9105101 Mizoram6203230
  Business   Companies  20 Nov 2019  RIL stock jumps 34 per cent this year

RIL stock jumps 34 per cent this year

THE ASIAN AGE. | ASHWIN J PUNNEN
Published : Nov 20, 2019, 3:41 am IST
Updated : Nov 20, 2019, 3:42 am IST

The scrip has climbed 34 per cent year-to-date, outperforming the Sensex, which grew 12 per cent during the period.

Riding on a 3 per cent surge in its stock price, Reliance Industries (RIL) on Tuesday became the first company in India to hit a market capitalisation of Rs 9.5 lakh crore.
 Riding on a 3 per cent surge in its stock price, Reliance Industries (RIL) on Tuesday became the first company in India to hit a market capitalisation of Rs 9.5 lakh crore.

Mumbai: Riding on a 3 per cent surge in its stock price, Reliance Industries (RIL) on Tuesday became the first company in India to hit a market capitalisation of Rs 9.5 lakh crore.

The RIL stock jumped 3.3 per cent to Rs 1,508.45, surpassing its previous high of Rs 1,490 touched last month, on October 31, in intra-day trade.

 

The scrip has climbed 34 per cent year-to-date, outperforming the Sensex, which grew 12 per cent during the period.

RIL had become the first firm to cross the market-cap of Rs 9 lakh crore on October 18. So far in calendar year 2019, its m-cap has surged by Rs 2.3 lakh crore.

Global brokerage Morg-an Stanley, while maintaining its overweight call on RIL, announced its bull case target price at Rs 2,000--a potential upside of 37 per cent from current levels—on hope of higher refinery margins, potential telecom tariff hike, bottoming price-earnings cycle, start of gas production, lower capex and ongoing deleveraging.

JP Morgan sees limited telecom tariff hikes by RIL until Jio hits around 50 crore subscribers—which is at least one year away.

 

Tags: reliance industries, sensex