Reliance Industries share price: The sleeping giant is finally waking up. After remaining largely overlooked by Dalal Street investors for three consecutive months, Reliance Industries has witnessed renewed investor optimism following the company's upbeat Q2 performance, helping the stock recover a significant portion of its losses.
The stock has gained 15% in November so far, closing at ₹1,339 on Friday, after ending every trading session in the green since the company's results were announced on October 30.
On November 2, the stock surged 11.60%, as investors reacted to the September numbers, which also marked the biggest single-day gain in five years. The sharp rally added ₹1.82 lakh crore to the company's market capitalisation in a single session.
Taking the latest gains into account, Reliance Industries has added ₹2,37,767 crore in market value during November so far, taking its total market capitalisation to ₹18,12,954 crore.
At its record high of ₹1,611, the company commanded a market capitalisation of ₹21.8 lakh crore. It had crossed the ₹21 lakh crore mark in June 2024, becoming the first Indian company to achieve this milestone.