RIL at a record high of Rs 2010: 128% return in four months

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(Commercial Representative) Mumbai, Ta. Wednesday 22 July 2020

The assets of Mukesh Ambani-led Reliance Industries Ltd's shareholders continue to generate extraordinary wealth in the short term. The company's share price crossed Rs 2,000 today, set a new record of Rs 2010 and finally rose by Rs 4.5 to close at a new record high of Rs 2009.10. The market capitalization of investors' assets crossed the mark of Rs 12.50 lakh crore today Was done. With this, the share price has risen by 12.5 per cent from its 52-week low. According to which the shareholders have received this half return in less than four months.

Shares of Reliance Industries rose by Rs 4.5 to Rs 2,008.10 today, taking its market capitalization to Rs 19,50,60.05 crore. Reliance Industries' partially paid-up share price also rose by Rs 20.05 to Rs 1,109.5 today. Shares of Reliance Industries hit a 52-week low of Rs 3.50 on March 5, 2020 this year. From the lows, the stock has lost a whopping 12.5 per cent.

Meanwhile, the company has informed the stock exchanges that it has changed its financial results for the first quarter from April to June 2020, which it had earlier decided to release on July 3, 2020, and has now decided to release the results on July 30, 2020. Reliance Industries has managed to raise more than Rs 1,50,000 crore by selling a 7 per cent stake in its digital unit Geo Platforms to global giant investors, raising Rs 2,15 crore through a rights issue of shares and giving the company a net. Has been released.

At the recent 7th AGM of Reliance Industries, Chairman Mukesh Ambani announced that the 5G technology has been developed by Geo and will be tested next year. It was also announced that Geo and Google will jointly develop an Android based operating system.


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