New Delhi: Reliance Industries shares went through the roof on Monday, surging nearly two per cent on the Bombay Stock Exchange on the back of rumours of a stock-split announcement in the company's upcoming Board meeting.
According to a report in PTI, the market remained abuzz with rumours about a possible splitting of Reliance Industries' equity shares.
RIL, has been known for shareholder-rewarding announcements like bonus issue and stock split and it would be no surprise if it comes up with a stock-split announcement.
The shares of RIL, India's largest private company with a market cap of more than Rs 1,90,000 crore, touched a lifetime high with the scrip jumping to Rs 1372.30 in intraday trade on the exchange.
The scrip gained Rs 24.55 (1.83 per cent) to close at Rs 1364.65 on the BSE and a total of 12.18 lakh shares of RIL changed hands on the BSE.
On the National Stock Exchange, RIL shares gained Rs 25.45 or 1.90 per cent to close at Rs 1364.95. Shares of another Mukesh Ambani group company Reliance Petroleum also gained 1.34 per cent to settle at Rs 64.35 on the BSE.
A total of 6.67 lakh shares of RPL changed hands on the BSE on Monday.
(With inputs from PTI)
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