Published on 7/03/2017 10:51:59 AM | Source: Dion Global Solutions Ltd.

RIL hits record high on bullish outlook

Shares of Reliance Industries continued gaining streak and rose nearly 2 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after brokerage firm affirmed strong outlook for Mukesh Ambani’s telecom unit Reliance Jio.

Continuing its gaining streak, shares of company gained as much as 1.67 per cent and touched fresh 52-week high in the intra-day trade to Rs 1326.75 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of company rose 0.64 per cent to Rs 1,313.75 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 29,008.27, down 39.92 points, or 0.14 per cent, at 10:32 hours.