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RIL gains nearly 3% ahead of AGM

RIL's scrip ended the day 2.56 percent higher at Rs 800.55 on the BSE. During the intra-day trade, the stock gained 2.86 percent to Rs 803.



Mumbai: Shares of Reliance Industries Ltd Wednesday gained nearly 3 percent in an otherwise sluggish stock market ahead of its 39th annual general meeting to be held Thursday.

RIL's scrip ended the day 2.56 percent higher at Rs 800.55 on the BSE. During the intra-day trade, the stock gained 2.86 percent to Rs 803.

On the NSE, the bellwether scrip settled at Rs 802, up 2.79 percent.

RIL was the top gainer on both the key indices -- Sensex and Nifty.

In terms of volume, 3.81 lakh shares of the company changed hands on the BSE, while over 29.14 lakh shares were traded on the NSE.

"Oil and gas major Reliance Industries gained ahead of its annual general meeting on Thursday. The street is expecting new announcements in the field of telecom and connectivity which the company operates under Reliance Jio Infocomm," said Milan Bavishi, Head Research, Inventure Growth and Securities.

Meanwhile, in the stock market, the BSE benchmark Sensex ended the day at 19,568.22, up 22.44 points.

PTI

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