Reliance Industries hits new high; stock surges 50% from 52-week low

The stock hit a new high of Rs 1,031, up 1% on the BSE in intra-day trade on Thursday, rallied 50% from its 52-week low of Rs 686 recorded on July 3, 2017 in intra-day deal

Shares of Reliance Industries (RIL) hit a new high of Rs 1,031, up 1% on the BSE in intra-day trade on Thursday. The market value of the Mukesh Ambani-led RIL appreciated by 50% from its 52-week low of Rs 686 recorded on July 3, 2017 in intra-day deal.

In past one year, the stock outperformed the market by surging 45% as compared to 14% rise in the S&P BSE Sensex.

“RIL is among the top 10 global petrochemical manufacturers, and commands a share of over 30% in the domestic polymer market and about 50% in the polypropylene market. Its strong