Your Ad Here

Monday, November 9, 2009

RIL investors get richer by Rs 11,000 cr


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.

0 comments:

Post a Comment

Disclaimer

Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation of any particular person. The blogs/posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes. Stock quotes are believed to be accurate and correctly dated, but Stockxnews does not warrant or guarantee their accuracy or date.
 
Design by SXN. Converted To Blogger Template By SXN .