RIL shares gain 3%; m-cap rises by Rs 19,247 cr

Shares of Reliance Industries rose 3 per cent today after a Reliance-BP joint venture bid for licence to retail gas in 15 cities, making its maiden foray in city gas distribution.

The stock gained 3.02 per cent to end at Rs 1,025.75 on BSE. During the day, it soared 3.29 per cent to Rs 1,028.50.

RIL topped the Sensex gainers list.

At NSE, shares of the company rose by 2.86 per cent to close at Rs 1,025.70.

Led by the surge in the stock price, the company's market valuation rose by Rs 19,247.12 crore to Rs 6,49,956.12 crore.

In terms of equity volume, 6.11 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.

India Gas Solutions Pvt Ltd -- the 50:50 JV of UK's BP plc and Reliance Industries, is making its maiden foray in city gas distribution as it put in bid for 15 cities, sources said.