At Rs 19.1 trillion m-cap, RIL creates record; shares touch lifetime high

Shares rise nearly 1% to end at Rs 2,822; from a low of Rs 2,201 in 2023, RIL's stock has added over 28%; gains come ahead of demerger with its financial services arm JioFin

Reliance Industries, Reliance, RIL

Samie Modak Mumbai

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Shares of Reliance Industries (RIL) made a lifetime high on Tuesday, surpassing their previous best made nearly 15 months ago. The stock of the oil-to-telecom giant rose nearly 1 per cent to end at Rs. 2,821, valuing the Mukesh Ambani-led firm at Rs. 19.1 trillion and cementing its place as the country’s most valuable company. RIL’s previous all-time high of Rs. 2,820 was registered on April 28, 2022. From the low of Rs. 2,201 earlier in 2023, the company’s stock has gained more than 28 per cent. The gains come ahead of a demerger with its financial services arm — Jio Financial Services (JioFin).

RIL has fixed July 20 as the ex-date for the demerger. Those holding one share

First Published: Jul 18 2023 | 6:01 PM IST

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