Shares of Reliance Industries (RIL), which is opening its Rs 53,125-crore rights issue on Wednesday, declined 2.26 per cent on the stock exchanges on Tuesday, even as the Sensex rose 167 points to 30,196.17.
However, RIL shares, which closed at Rs 883.85 on March 23, has zoomed 59.32 per cent since then to Rs 1,408.15 by Tuesday in the midst of the coronavirus pandemic while the Sensex has risen only 16.67 per cent in the same period — from 25,880.83 on March 23 to 30,196.17 on Tuesday.
A week ago, RIL share prices inched closer to its all-time high value of Rs 1,617 hit in December 2019, as it surged to an intra-day high of Rs 1,614 even as the market was battered by the lockdown and the economic slowdown triggered by COVID-19.
