Benchmark heavyweight
Reliance Industries (RIL) has touched a new all-time high on Monday driving Sensex and Nifty 50 to fresh record highs. RIL has crossed even Rs17 lakh cr market capitalisation.
On Sensex, during the trading hours, RIL earmarked a new 52-week high of Rs2529 per piece.
However, RIL stock was corrected during the closing hours. RIL finished at Rs2525.20 per piece up Rs42.25 or 1.75 on Sensex.
On the closing price, the RIL market cap was over Rs16 lakh cr.
The Mukesh Ambani-led RIL has hit a series of records in the past few days.
As of September 27, 2021, after the closing of trading hours, Ambani's net worth stands at $95.3B holding 11th rank in the Bloomberg Billionaire Index.
Last week, RIL had touched a record high after clarifying over a buzz that said the company is planning to take over JBF Industries with CFM ARC. RIL had clarified saying that "We would like to inform you that there are no negotiations which are taking place for Reliance to takeover JBF Industries or its assets."
In the first week of this month, Reliance Industries, chief Mukesh Ambani spoke about the company's ambitious commitment to make Reliance a net carbon zero company by 2035. Over the next three years, Ambani said, "we will invest 75,000 crore rupees in these initiatives," adding, "Reliance will thus create and offer a fully integrated, end-to-end renewables energy ecosystem to India and Indians."
