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Reliance Industries Hits Record High Mukesh Ambani Says Group Net Debt Free

Reliance Industries Shares Hit New Record High After Group Becomes Net Debt-Free

Reliance Industries Limited (RIL) shares jumped nearly 2 per cent to scale a new record high on Friday, shortly after the conglomerate’s chairman Mukesh Ambani said his group has become net debt-free much before schedule. the Reliance Industries stock climbed up to trade at Rs 1,689 apiece on the BSE – its highest intraday level recorded ever – compared to its previous close of Rs 1,656.25. The shares have broken a slew of records in the past few days, rising on the back of investment in Jio as well as the success of the rights issue, say analysts.

At 10:34 am, Reliance Industries shares traded up 1.82 per cent at Rs 1,686.45 on the BSE, outperforming the S&P BSE Sensex benchmark index which was up 0.34 per cent.

The RIL stock is up 9.39 per cent so far this year, sharply outperforming the benchmark S&P BSE Sensex index which has fallen 17.08 per cent. 

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