Reliance Industries surges 3%, trades at five-month high

Shares of Reliance Industries (RIL) hit an over five-month high at Rs 2,693, on surging 3 per cent on the BSE in Monday’s intra-day trade. The stock of the country’s largest listed company, in terms of market capitalisatison, traded higher for the third straight day, and has gained 5.4 per cent during the period. The stock was quoting at its highest level since June 10, 2022, it’s record high stands at Rs 2,855, registered on April 29.

After underperformance in the past three months (up 3 per cent) and six months (up 4 per cent), as compared to 6 per cent and 14 per cent rise, respectively, in the S&P BSE Sensex during the same period, RIL has outperforming the market in the past one week (up 5.5 per cent) and one month (up 6.5 per cent).