MUMBAI JUN 20 : Reliance PVT ltd first Indian company to cross 11 lakh market cap. The stock soared 6% to Rs 1759.50 on Friday. The company's market capitalization touched 150 billion dollars,
The analysts expect the stock to gain 10-13 % from current level 2020. The analyst said the market is willing to offer higher valuations to co because of a shift in business focus.
Now reliance is becoming more of a technology and e-commerce play.It is no longer an energy player. The study Aramco deals the next 5 to 6 months then the market cap is more increase the analist said .
Share market expert said the share price up more then 2000 level in december .
Ceo of RIL mukesh ambani promis to dept free his company in 2021 , He do that in 2020 thired quater .
Reliance shares have double from their March lows . while the Sensex is down 16% from the start of 2020 and RIL is up aprox 18%.
Now jio entered in e-commerce and retail business. now the war begins amazon vs Flipkart vs Jio mart. Jiomart starts its operation in Navi Mumbai.