RIL share price skyrockets over 80% in less than 3 months; brokerages see buying opportunity
Reliance Industries (RIL) shares were trading higher for the fourth straight session on BSE in Thursday’s otherwise weak market. RIL share price gained over 2 per cent to Rs 1,577.30 apiece after the company informed it has received a great response to its Rs 53,124 crore rights issue as it got subscribed 1.59 times. The stock is approaching its 52-week high of Rs 1,603.24, which is currently just 1.6 per cent away. With today’s gain in the stock, RIL share price has rallied over 81 per cent from it’s March of Rs 867.82 apiece. Reliance Industries shares have gained over 6.5 per cent since Monday’s opening price of Rs 1,480 per share.
