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Reliance Industries nears record high; gains 20% in 17 trading days

RIL was up 2% at Rs 1,317,near its all-time high level of Rs 1,329 touched on August 29 last year on the BSE in intra-day trade.

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SI Reporter Mumbai
Shares of Reliance Industries (RIL) were trading2 per cent higher at Rs 1,317 on Wednesday, their all-time high level of Rs 1,329 touched on August 29 last year on the BSE in intra-day trade.

In the past 17 trading days, RIL has outperformed the market by surging 20 per cent from Rs 1,096 on January 14, 2019, after the company reported a better-than-expected consolidated net profit of Rs 10,251 crore in October-December quarter (Q3FY19). In comparison, the S&P BSE Sensex was up 3 per cent during the same period.

RIL has already begun work on JioGigaFiber which will