Explained: Why Reliance Industries shares hit all-time high today

Shares of Reliance Industries Limited (RIL) hit an all-time intraday high on the stock market. RIL has been performing well on the stock market for the past few sessions. Here is all you need to know:

Reliance Industries Limited (RIL) shares hit an all-time intraday high during Friday’s trading session. Shares of the Mukesh Ambani-led conglomerate rose 3.53 per cent on the Bombay Stock Exchange (BSE) and 3.62 per cent on the National Stock Exchange (NSE) at 1:35 pm. RIL stock managed to hit the highest level since October 2020 yesterday and seems to be gaining further. During Friday’s trading session, it managed to surpass Rs 2,369 it had earlier touched on September 16, 2020. Market experts remain optimistic about the future of the stock and have given a ‘buy’ tag to RIL, predicting future gains.