Reliance Industries hits lifetime high

The stock rose for the fifth day, its longest winning streak in over a month. Shares of Reliance Industries gained ~2% and hit record high of Rs1,060. The stock rose for the fifth day, its longest winning streak in over a month. The stock is currently trading at Rs1,057.05 up by Rs20.7 or 2% from its previous closing of Rs1,036.35 on the BSE. The scrip opened at Rs1,043.15 and has touched a high and low of Rs1,059.75 and Rs1,043.15, respectively. RIL is a vertically integrated company with business interests in energy, materials, media and mobile telecom. Its revenue comprised of refining business (54%), petrochemical business (24%) and others (22%). The company has rapidly grown its broadband business (4G) through RJio owing to strong operating competitiveness and healthy consumer traction.

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