Shares of Reliance Industries zoomed 7% in intraday trading on Tuesday, February 3, amid a broader rally in the Indian stock market and the company’s subsidiary’s acquisition of Sikhya Entertainment Private Limited.
Reliance Industries share price rallied 7.11% to ₹1489 apiece on the BSE in the morning trade, cutting the year-to-date (YTD) losses to 8%. As of 11.30 am, the stock of India’s most valuable company was higher by 4% at ₹1447.35.
The Indian stock market’s benchmark indices — Sensex and Nifty — jumped almost 3% today, with Reliance emerging as the biggest index contributor.
(This is a developing story. Check back for updates.)
