Reliance Industries shares maintain winning run for 7th day; Mcap crosses Rs 14 lakh cr mark
Business | June 03, 2021 13:27 ISTThe market heavyweight stock has jumped 14.53 per cent in seven trading sessions to hit a high of Rs 2,250 on Thursday.
The market heavyweight stock has jumped 14.53 per cent in seven trading sessions to hit a high of Rs 2,250 on Thursday.
Reliance Industries Limited (RIL) will be setting up the world's largest zoo in Gujarat's Jamnagar district.
The Reliance Industries Limited made an offering of Rs 1.01 crore at the famous hill shrine of Lord Venkateswara at Tirumala near here on the New Year eve on Thursday, an official said.
Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) on Saturday said it has received Rs 7,500 crore from US private equity firm Silver Lake Partners, which has picked up 1.75 per cent stake in its retail arm.
According to a research report by BofA Securities, in the last 4 years, with Jio, RIL has been able to build a "digital layer" on top of the existing "physical layer" of retail shops across electronics, grocery and apparels.
Shares of Reliance Industries on Monday rose nearly 3 per cent after it announced the acquisition of Future Group’s retail, wholesale, logistics and warehousing businesses for Rs 24,713 crore.
Mukesh Ambani rolled out a series of big-bang announcements, including Google’s investment into Jio Platforms unit and development of an affordable smart phone in partnership with the search engine giant.
Reliance Industries Ltd (RIL) net-debt was ₹ 161,035 crore, as on 31st March 2020. The company has raised ₹115,693.95 crore from 10 tech investors and ₹ 53,124.20 crore from RIL's rights issue.
Seven of the top 10 most-valued Indian companies together added Rs 1,23,039.72 crore in market valuation last week, led by Infosys and Reliance Industries Limited (RIL). While Tata Consultancy Services (TCS), RIL, HDFC Bank, HUL, HDFC, Infosys and Kotak Mahindra Bank witnessed addition in their market capitalisation for the week ended on Friday,
Tracking gains in the share price, the RIL's market valuation also rose to Rs 6,49,838.31 crore. With this, the company surpassed Tata Consultancy Services (TCS) to become the most valued domestic firm by market capitalisation.
Mukesh Ambani, Reliance Industries MD and Indian energy tycoon, is no longer Asia’s richest man after he lost $5.6 billion on the back of a severe decline in RIL's share price. Mukesh Ambani lost his Aisa's riches man crown to Jack Ma, the co-founder of Alibaba Group.
Seven of the 10 most valued companies suffered a combined loss of Rs 1.89 lakh crore in market valuation last week, led by Reliance Industries which alone took a hit of Rs 87,732.8 crore.
Reliance Industrial Infrastructure Ltd (RIIL) on Wednesday reported a rise of 12.6 per cent in its consolidated net profit for the third quarter (Q3) of financial year 2019-20. The company's net profit during the quarter under review increased to Rs 2.46 crore from Rs 2.18 crore in the corresponding period of the previous fiscal.
Mukesh Ambani's Reliance Retail Ltd (the retail arm of Reliance Industries Ltd) has begun sending invites for launch of JioMart, its new commerce venture. With JioMart, billionaire Mukesh Ambani aims to take on e-commerce giants Amazon and Flipkart.
On Thursday, RIL shares hit the 52-week high of Rs 1,581.25 on the BSE, rising 0.64 per cent. While RIL gained nearly 40 per cent during the last year, the Nifty50 index advanced over 13 per cent.
Last month, Mukesh Ambani's Reliance Industries Limited had added another feather to its cap by becoming the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade.
The 30-share index ended 185.51 points, or 0.46 per cent, higher at 40,469.70. It hit an intra-day high of 40,544.13 and a low of 40,290.21. As many as 11 of 30 Sensex stocks ended in green.
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