Reliance Industries shares rally 3%, hit 52-week high

Shares of Reliance Industries (RIL), which is India's largest company by market capitalization, surged by up to 3%, reaching a new 52-week high of ₹2,658.95 on the BSE on Wednesday.

This substantial upward movement was accompanied by a notable increase in trading volume, exceeding two times the usual levels. 

Concurrently, Network18's shares also closed 20% higher, marking a new peak, while TV18 Broadcast experienced a 15.5% increase, reaching ₹64.47.

Earlier today, the Chairman of Reliance Industries Limited (RIL) announced that the Mukesh Ambani Dhirubhai Ambani Green Energy Giga Complex in Jamnagar is poised for commissioning in the latter half of 2024.

Spanning across 5,000 acres, this initiative is anticipated to generate a substantial number of environmentally-friendly jobs, facilitate the production of green products and materials, and position Gujarat as a prominent exporter of sustainable goods.