MUMBAI: Investors of Reliance Industries on Monday got richer by more than Rs 11,000 crore as the country's largest private sector company closed with a gain of over 3 per cent on the bourses.
Shares of the company continued their northward journey for the fourth consecutive day, settling at Rs 2,024.55 on the Bombay Stock Exchange, up 3.46 per cent over the previous close.
On the National Stock Exchange, RIL closed higher by 3.45 per cent at Rs 2,025.05.
At close, RIL added Rs 11,140.37 crore in market cap in a single day. The valuation of the company stood at Rs 3.32 lakh crore, up from Rs 3.21 lakh crore on Friday last week.
The surge came amid reports that RIL is likely to acquire a part of the assets of troubled LyondellBasell. Reliance Industries today said that "RIL is reviewing a number of global opportunities for growth in its core business."
Equities Head of brokerage firm
SMC Capital, J Thunuguntla, said, "Positive sentiments helped in boosting the trading activity in RIL. Besides, the news about foreign acquisition would start showing some impact on the stock when the details of the transactions would be disclosed."
On the volume front, over 32.78 lakh shares exchanged hands on NSE and over 7.65 lakh shares got traded on BSE.
The Sensex closed at 16,498.72 points, a gain of 340.44 points or 2.11 per cent.
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