New Delhi: Reliance Industries on Thursday reclaimed the $100-billion m-cap mark on the bourses, as the company shares hit a fresh 52-week high of Rs 1,098 apiece.
The shares of RIL have risen for the fifth consecutive session on Thursday, and surged to a 52-week high of Rs 1,098 on the BSE, amid aggressive business plan announced in the AGM, ahead of its June quarter earnings.
Shares of the company on Thursday opened at Rs 1,043.15, then touched its 52-week high of Rs 1,098, up 6.00 percent over its previous closing price.
Following the uptick in the counter, the market capitalisation (m-cap) of the company touched Rs 6,88,513.11 crore (around $100 billion).
Similar movement was seen on the NSE, where the stock opened at Rs 1,044.35, then surged 5.66 percent to touch a 52-week high of Rs 1,097.
The company had last scaled this milestone in October 2007.
Following the surge in the counter, the benchmark Sensex soared 400 points to claim a record high and was quoted at 36,696.64 points, up 1.19 percent at 1203 hours.
The company announced an aggressive business plan at its annual general meeting (AGM) held last week. The stock has been on an uptrend ever since and has gained 13.05 percent since 5 July.
At the AGM, Mukesh Ambani had unveiled an ultra high-speed fixed line fibre broadband for homes and enterprises across 1,100 cities and announced plans for an e-commerce platform that may rival likes of Amazon.