Reliance Share Price 13 January 2024: Record Surge in Market Capitalization
๐ Reliance Industries Limited, the company owned by India’s richest man Mukesh Ambani, has witnessed a significant increase in its market capitalization, surpassing 18 lakh crore rupees.
๐ฐ Reliance Industries has now become the most valuable company in India, with the highest valuation.
๐ The share price of Reliance Industries has been consistently rising. In Thursday’s trading session, the company’s share saw a surge of 2.66%. On Friday, 12th January 2024, the share was trading at 2,729.65 rupees, recording a growth of 0.36%.
๐ฐ Recently, the market capitalization of Reliance Industries crossed 18.3 lakh crore rupees.
๐น On Wednesday, 10th January, the share was trading at 2,658.95 rupees. It opened at 2,661.95 rupees on Thursday’s trading session.
๐น Over the past five days, Reliance Industries’ share has provided a return of 4.56% to its investors. On 5th January 2024, the share was trading at 2,602.10 rupees, and it crossed the 2,700 rupees mark the next day.
๐น In the past month, the company’s share has recorded a net profit margin of 12.24%.
๐น However, those who invested in Reliance Industries’ shares six months ago have not seen significant profits. On 12th July 2023, the share was trading at 2,767.75 rupees. Since then, there has been a decline in the stock’s value.
๐น In the past year, the company’s share has provided a return of only 9.89% to its investors. However, over the past five years, there has been a remarkable increase of 131.50% in the share price of Reliance Industries.
๐น Experts from Morgan Stanley have recommended buying Reliance Industries’ shares. Currently, the share is trading at 2,716 rupees. Analysts predict that in the coming days, the share may touch 2,821 rupees.
๐น Goldman Sachs has increased the target price for Reliance Industries’ share from 2,660 rupees to 2,885 rupees.
๐น Mukesh Ambani, the owner of Reliance Industries, had stated in the AGM of 2022 that the company’s market capitalization will double by 2027.
๐ Reliance Industries holds the largest market capitalization in the overall market cap of the Reliance Group.
With its recent surge in market capitalization, Reliance Industries continues to be an attractive investment option for investors. Keep an eye on its share price for potential gains! ๐ฐ๐น
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
