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The Economic Times
The Economic Times
Debaroti Adhikary

RIL shares jump 6% in 3 days, market cap soars by Rs 1 lakh cr ahead of AGM. Why Morgan Stanley still sees 38% upside

Shares of Reliance Industries (RIL) jumped another 2% on Tuesday, extending a 6% surge from last week's record low level, as investors await the company's Annual General Meeting (AGM) scheduled on Friday. Morgan Stanley, meanwhile, issued a bullish note, still seeing 38% upside potential in the stock.

Reliance Industries (RIL) shares jumped to Rs 1,333.40 apiece on NSE on Tuesday. The recent surge in the shares of the Mukesh Ambani-led company added more than Rs 1 lakh crore to its total market capitalisation since the stock hit a 52-week low of Rs 1,253.20 apiece on June 11.

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