In the past seven trading days, RIL has outperformed the market by gaining 8 per cent, after Reliance Jio, the telecom arm of the company, said it will increase tariffs in next few weeks.
On Tuesday, RIL became the first Indian company to cross the m-cap of Rs 9.50 trillion.
The Mukesh Ambani-led company is slated to release its September quarter results later in the day where it is expected to report a strong quarter for the July-September period.
The promise of higher dividend payouts in future will enhance its attractiveness
Another big announcement was Reliance's partnership with Microsoft under which Jio will set up data centres across India and Microsoft will bring the cloud platform.
The announcements saw the stock rally over 8 per cent in intra-day trade on the National Stock Exchange (NSE) to Rs 1,257 levels on Tuesday
The stock trades at Rs 1,250 levels on the NSE and has gained 13 per cent in the last one year
RIL stock rose by 2.23% to close at Rs 1,128.55 on BSE