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new Delhi: Reliance Industries LimitedOf Market valuation It crossed the Rs 12 lakh crore mark on Monday, driven by a sharp rise in its share price.
Heavy stock in the market closed 2.97 percent up at Rs 1,934.30 on BSE. During the day, it jumped 3.64 percent to a record high of Rs 1,947.
It closed at Rs 1,938.70, up 3.22 percent on the National Stock Exchange (NSE). During the day, it rose 3.70 percent to a lifetime high of Rs 1,947.70.
After its share price spurt, the market valuation of the company rose by Rs 35,373.88 crore to Rs 12,26,231.01 crore on BSE.
Reliance Industries on Sunday said it was one of the top achievers in the company’s Sensex by selling a small stake in its technology venture to invest Rs 730 crore, an investment it has received since April. 1.18 lakh crore Rs.
With the deal, Reliance has sold a 25.24 percent stake Jio Platforms Ltd – The entity which has India’s smallest but largest telecom company Geo infocom And applications.
In terms of volume of trading, 15.73 lakh shares were traded during the day on BSE and over 3 crore units on NSE.
The country’s most valuable company, Reliance Industries, became the first Indian company to surpass the market valuation of Rs 11 lakh crore last month.
Meanwhile, the market value of the shares paid in ReliancePP or partly recently issued rights shares is Rs 44,554.77 crore. Shares of ReliancePP rose 6.44 percent to close at Rs 1,054.70 on the BSE.
The company became net debt-free on 19 June following capital raising initiatives and rights issues in Jio platforms.
The stock has gained 27.75 per cent so far this year.
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