Mumbai : The 41st annual general meeting of Reliance Industries has proved to be a major driver for Reliance Industries shares, not only propelling it by 11.60 percent since last Friday but also lifting it to a six-year high.
The company’s shares may still have a lot of ground to cover for it to top its 52-week high of Rs.1,101.95, but from Rs.879.30 on June 12 to Rs.981.45 at close on Thursday has been a jump of Rs.102.15, or 11.62 percent, data with the BSE showed. According to analysts at Edelweiss Securities, apart from launching its 4G services, the fact that it will cover 80 percent of India’s population by year-end and 100 percent within three years is a major confidence booster.
