RIL eyes new all-time high, Golden Cross breakout aims at Rs 3,000

The counter may struggle to cross Rs 2,800-mark, which appears to be the next hurdle, but the current momentum is not suggesting any weakness.

Reliance Industries, Reliance, RIL
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RIL sets to reach new historic peak

Avdhut Bagkar Mumbai

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Reliance industries shares hit a new 52-week high on Monday following the board of directors of Reliance Retail approved a plan to reduce equity share capital. 

The company made a disclosure to consider paying Rs 1,362 per share to the shareholders towards the capital reduction.

Shares of Reliance Industries surged over 4 per cent in the intra-day deals. The stock opened gap-up and continued to scale higher levels in the early hour.

First Published: Jul 10 2023 | 11:02 AM IST

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