RIL-owned firms in focus ahead of 43rd AGM; RIL hits fresh all-time high

RIL hit a fresh all-time high of Rs 1,948.75, up 2 per cent in intra-day trade, surpassing its previous high of Rs 1,947 touched on July 13, 2020.

Shares of Reliance Industries (RIL)-owned companies engaged in media, broadcasting & cable TV business rallied up to 20 per cent in the intra-day trade on Wednesday, ahead of RIL’s annual general meeting (AGM) due later in the day.

Hathway Cable & Datacom has surged nearly 20 per cent to Rs 49.80, extending its Tuesday’s 20 per cent rally on the BSE. In the last one month, Hathway Cable & Datacom and Hathway Bhawani Cabletel & Datacom have rallied 73 per cent and 28 per cent respectively, while Reliance Industrial Infrastructure surged 46 per cent.

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