Reliance Share rises 4% to hit fresh 9-year high.
Monday, March 6, 2017, 12:18 PM
Reliance Industries shares touched a fresh nine-year high of Rs.1,307.05, up 3.86 percent intraday Monday as investors remained bullish on its telecom as well as energy prospects. Analysts expect contribution from telecom and energy businesses to boost revenue growth in coming years. Morgan Stanley believes company's energy earnings should exceed market expectations as investors begin to appreciate its leverage to an up cycle.