Reliance Industries hits record high; m-cap crosses Rs 15 trillion mark

The stock has gained 10 per cent in the past two trading days after Silver Lake on Wednesday agreed to invest Rs 7,500 crore ($1 billion) into Reliance Retail Ventures (RRVL).

Shares of Reliance Industries (RIL) hit a record high of Rs 2,344, up 8.4 per cent on the BSE in the intra-day trade on Thursday, with its market-capitalisation (market-cap) crossing Rs 15 trillion mark for the first time ever. It surpassed its previous high of Rs 2,198.70, touched on July 27, 2020 in the intra-day trade. At the end of day, the fully paid RIL’s shares, however, gave up some of the intraday gain but still managed to close 7 percent higher at Rs 2,314.65 per share with a market cap of Rs 14.67 trillion.

The stock has gained 11