Reliance Industries (RIL) recorded one of its strongest single-day gains in recent years, with the stock rising nearly 11% today. As a result, this has become the third biggest one-day gain for the company in the last 10 years and the eighth biggest in its history.
The sharp rally places today’s move among some of the most remarkable trading sessions seen in Reliance over the years. Previously, the stock had surged 14.72% on 25 March 2020, marking its biggest gain on record. Later, it climbed 11.94% on 7 April 2020 during a period of strong market recovery.
Meanwhile, Reliance gained 10.97% on 22 February 2017 and 10.92% on 20 March 2020. It also advanced 10.20% on 22 April 2020. In addition, the stock registered a strong rise of 9.70% on 12 August 2019.
Today’s rally has once again highlighted the strength of investor confidence in the company. Moreover, it reinforces Reliance’s position as one of India’s most tracked and influential stocks. With this move, the company has added another milestone to its long market history and joined an exclusive list of its biggest-ever single-day gains.
Top Reliance One-Day Gains
• 25 March 2020: +14.72%
• 7 April 2020: +11.94%
• Today: +11%
• 22 February 2017: +10.97%
• 20 March 2020: +10.92%
• 22 April 2020: +10.20%
• 12 August 2019: +9.70%