Published on 17/07/2017 10:18:40 AM | Source: Dion Global Solutions Ltd.

Reliance Industries Ltd. extends rally; scrip hits fresh 52-week high

Shares of Reliance Industries continued gaining streak on Monday and rose over 1 per cent, hitting fresh 52-week high, on the Bombay stock Exchange amid strong oil demand growth outlook and new tariff plan announced by its telecom subsidiary Reliance Jio. Reliance Jio announced new tariff plan for its Jio Prime Members under which they can enjoy unlimited services for three months with Rs 399 plan. The earlier launched Rs 309 plan will provide 2 months of unlimited Jio services.

Extending previous session rally, shares of company gained as much as 1.01 per cent to hit intra-day high of Rs 1548.00 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 1544.45 against previous close price of Rs 1531.05. In a similar fashion, shares of the company were trading 0.67 per cent higher at Rs 1,544.00 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,063.15, up 42.40 points, or 0.13 per cent, at 09:40 hours.