The month of November is going very good for the country’s largest company Reliance Industries. In the last three trading days, the company’s shares have made a record of 52 weeks twice. Experts believe that the company will soon cross the record of its life time high. The special thing is that the company’s shares have seen an increase of about 5 percent. Due to which the valuation of the company has seen an increase of Rs 21 lakh crore.
In fact, the world’s leading brokerage firm JP Morgan has said in its report that the earnings of the country’s largest company are going to be much better in the year 2026. Due to which there has been an increase in the shares of the company. However, the company’s shares have seen an increase of 27 percent in the current year. Let us also tell you what kind of shares of Reliance Industries are being seen.
Reliance Industries shares at record level
On Tuesday, there was a rise of about one and a half percent in the company’s shares. According to BSE data, shares of Reliance Industries rose by 1.58 percent to Rs 1,560, which is the company’s new record high of 52 weeks. By the way, at 2 pm the company’s shares are trading at Rs 1551 with a rise of about one percent. A day ago the company’s shares had closed at Rs 1,535.75. Whereas in the morning the company’s shares opened at Rs 1,535. If experts are to be believed, the company’s shares may see further increase in the coming days.
5 percent increase in November
If we talk about it, then a growth of 5 percent has been seen. If we look at the figures, Rs 1,486.50 was seen on the last trading day of October. Which came to Rs 1560 on Tuesday. This means that the company’s shares have seen a rise of 73.5 i.e. 4.94 percent. Whereas in the current year the company’s shares have seen a rise of more than 27 percent. Which has seen the highest growth in any one year after the Covid year i.e. 2020.
profit of about one lakh crore
On the other hand, there has been an increase in the valuation of the company in the month of November, which is Rs 1 lakh crore. Due to which the total valuation of the company has increased to more than Rs 21 lakh crore. The valuation of the company on the last trading day of last month was Rs 20,11,602.06 crore. Which has become Rs 21,11,065.73 crore after the company’s shares reached a high of 52 weeks on Tuesday. This means that the market cap of the company has increased to Rs 99,463.67 crore in the current month.
How much can the company’s shares go to?
If experts are to be believed, the company’s shares may see further rise in the coming days. The company’s share figure can cross the level of Rs 1700. Brokerage firm JP Morgan has set a target of Rs 1,727 for the shares of Reliance Industries. This means that the company’s shares may see a rise of Rs 120 to Rs 150 in the coming days. This means that the company’s shares may see an increase of more than 11 percent from the current level.