![Market at new high: Sensex hits 80,000 mark, Nifty crosses 24,300](https://images.assettype.com/fortuneindia%2F2022-01%2F5682349c-99ba-40c3-8de3-36799d8eeebf%2FMKT_020A6528_copy.jpg?w=300&q=95)
Market at new high: Sensex hits 80,000 mark, Nifty crosses 24,300
Sensex journey from 70,000 to 80,000 levels has been significantly fast, covering 10,000 points in less than seven months, precisely 138 trading sessions, which is the fastest ever.
Sensex journey from 70,000 to 80,000 levels has been significantly fast, covering 10,000 points in less than seven months, precisely 138 trading sessions, which is the fastest ever.
The firm’s first of new energy Giga-factories should start by December
Snapping two sessions losing streak, RIL shares rose 2% to ₹2,930.75, while its market capitalisation increased to ₹19.71 lakh crore.
Several brokerages raised target price of RIL shares.
Reliance becomes the first Indian company to cross the ₹1,00,000 crore threshold in pre-tax profits, says Mukesh D. Ambani, Chairman and MD, RIL.
Reliance Industries’ EBITDA grew 14.3% YoY to ₹47,150 crore in Q4 FY24, while the margin improved by 50 basis points YoY to 17.8%.
Reliance Industries is slated to release its March quarter earnings post-market hours today.
The 5G capital expenditure cycle of Reliance Industries is expected to conclude soon.
In a bull-case scenario, the brokerage house expects RIL shares to rise to ₹4,495 by FY26, suggesting a potential upside of 56% from the current market price.
OMCs have slashed petrol and diesel prices across the country by ₹2 per litre for the first time in two years since April 2022.