Private sector diversified giant Reliance Industries is also reeling under stock market turmoil. The latest rose 1.9 percent in early trading on Wednesday. The new maximum is Rs. Touched 2,827. This is the latest record. With this, the company's market capitalization (value) has increased to Rs. 19 lakh crore. Versace Rs. RIL made history as the first domestic giant to receive a market cap of Rs 19,12,814 crore. Eventually Rs. The market value of the stock closed at Rs 2,778. Settled at Rs 18,79,237 crore.
The market value of RIL in March this year (2022) was Rs. 18 lakh crore.
On October 13 last year (2021), Reliance raised its market cap to Rs. 17 lakh crore.
Shares strengthened again on Wednesday after legendary industrialist Mukesh Ambani's company RIL signed an agreement to invest $ 2 billion in Tajizi Chemicals partnership in the UAE. The stock has rallied 17.3 percent so far this year.
Santosh Meena, Head, Research, Swastika Investment, said, "Gross refining margins (GRMs) will strengthen further on the back of higher crude oil prices." On the other hand, he said the telecom business was stable even in the face of global geopolitical and political turmoil. He said the focus was on cooperation in tackling inflationary pressures in the retail business. He explained that the company was also strengthened by the recent massive plans toward the renewable energy business.
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