Reliance Industries (RIL)
moved higher on the bourses in early trade on Thursday on expectations of some major announcements by chairman Mukesh Ambani at the company's Annual General Meeting.
RIL shares were trading 2.23 per cent higher at Rs 730.05 on the Bombay Stock Exchange (BSE) at 10.55 am, minutes before the commencement of the AGM, scheduled to begin at 11 am in Mumbai.
The scrip pared some of its gains
about 30 minutes into the meeting, trading 1.9 per cent higher at Rs 727.70 at 11.35 am.
The stock has been under pressure in recent past and had hit a low of Rs 671 last month on May 6. However, it has recouped some lost ground in past few days.
At the National Stock Exchange also, RIL shares were up 1.71 per cent at Rs 728.15 at the same time.
RIL has also lost its long-held status as the country's most valued company to Tata group firm Tata Consultancy Services. At the end of Wednesday's trade, RIL's market value stood at Rs 2,33,835.64 crore, against TCS' Rs 2,45,288.72 crore.
With inputs from PTIDisclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
RIL Chairman Mukesh Ambani 
Special 
