(Aditya Shaw, Intern Journalist): Earlier in the day the shares of Reliance Industries railed 3.71 percent from its Friday’s close to an all-time high of Rs 1,947.70 apiece on the NSE. On the BSE it surged to a high of Rs 1,947.00 percent share, rising 3.65 percent .shares of Reliance industries climbed over 3.5 percent to hit an all-time high on BSE and NSE during the intraday trade on Monday, a day after the oil – to – telecom behemoth announced that Qualcomm Ventures, the investment arm of Qualcomm Incorporated, has picked up 0.15 percent stake in Jio platforms for Rs 730 crore. Qualcomm is the 12th investor in Jio platforms in as many weeks. during today’s trading session, the market capitalization of the heavyweight firm also surged past Rs 12 lakh crore mark for the first time.
At 11: 35 am, the market capitalization of RIL was at Rs 12,25,470.28 crore, as per the data available on the BSE. Earlier in the day, the stock of the oil – to – telecom giant rallied 3.71 percent from its Friday’s close to hit an all-time high of Rs 1,947 .70 apiece on the NSE. On the BSE, it surged to a high of Rs 1,947.00 per share, rising 3.65 percent. The stock has been on a roll, having rallied 124.65 percent from its 52- week low of Rs 866 .98 hit on the NSE on March 23 .the shares have been on the rise ever since the Mukesh Ambani – led conglomerate announced its plan to cut its net debt to zero by the end of March 2021. stake sales in its digital arm Jio platforms and the country’s biggest rights issue in a span of two months made the company achieve its target of erasing its entire net debt last month itself.
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