Reliance Ind posts record intra-day gain
Mumbai, March 25
With a 21 per cent gain in Wednesday’s trading session, the share price of Mukesh Ambani-led Reliance Industries (RIL) registered a record oneday rise.
RIL has never registered a 20 per cent gain since screenbased trading was launched by the NSE in the mid-1990s, analysts say.
RIL’s share price gained after global news media reported late on Tuesday evening that Facebook was picking up a 10 per cent stake in its telecom arm Jio. The deal, for the first time, would give correct estimates of the worth of Jio, analysts said.