RIL surges 5% to hit fresh record high; market-cap crosses Rs 14 trillion

According to reports, Amazon.com Inc is in talks to buy a 9.9 per cent stake in the company's retail arm.

Shares of Reliance Industries hit a fresh record high of Rs 2,163, up 5 per cent on the National Stock Exchange (NSE) on Friday, after media reports said Amazon.com Inc is in talks to buy a 9.9 per cent stake in the company’s retail arm. With today’s gain, the stock has rallied nearly 150 per cent in the past four months from Rs 867, touched on March 23, 2020.

A sharp rally in stock price has seen the RIL become the first company to cross its market capitalisation (market-cap) of Rs 14-trillion today. At 03:07 pm, the market valuation