RIL M-cap crosses ₹ 14 L cr Stock rallies for the seventh consecutive day

New Delhi: Shares of Reliance Industries Ltd extended its rally for the seventh consecutive day on Thursday and its market valuation crossed the Rs 14 lakh crore mark.

The market heavyweight stock has jumped 12.45 per cent in seven trading sessions. Following the upbeat sentiment, the company's market valuation has reached Rs 14,00,541.47 crore on Thursday at the BSE. Shares of the company closed at Rs 2,209.25, a gain of 0.36 per cent on the BSE. During the day, it jumped 2.21 per cent to Rs 2,250. On the NSE, it gained 0.30 per cent to close at Rs 2,208. In traded volume terms, 7.60 lakh shares were traded at the BSE and 1.10 crore units at the NSE during the day.

After record fundraising and debt prepayments, Reliance Industries now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines - telecom arm Jio, retail and oil-to-chemicals business, firm's Chairman and Managing Director Mukesh Ambani said.