Reliance Industries' shares spike over 6%, market cap tops Rs 4 lakh crore
Shares of Reliance Industries were at the centre of brisk buying, surging over 6%, which in turn took its market valuation beyond the Rs 4-lakh crore mark.
Shares of Reliance Industries were at the centre of brisk buying, surging over 6%, which in turn took its market valuation beyond the Rs 4-lakh crore mark.
After a positive opening, the stock jumped 6.24% to a multi-year high of Rs 1,256.50 on BSE.
On NSE, it soared 6.26% to Rs 1,256.80.
Powered by the stock momentum, the company's market valuation jumped to Rs 4,01,914.38 crore.
Last Wednesday, the stock had zoomed 11% after its telecom arm Jio said it will start charging for data services from April.
Mukesh Ambani's telecom unit Reliance Jio will begin charging for data from April, but will give steep discounts for a year to over 100 million customers who have come on board within six months of its launch.