
RIL shares jump 6% in 3 days, market cap soars by Rs 1 lakh cr ahead of AGM. Why Morgan Stanley still sees 38% upside
Agencies Shares of Reliance Industries (RIL) jumped another 2% on Tuesday, extending a 6% surge from last week's record low level, as investors await the company's Annual General Meeting (AGM) scheduled on Friday. The international brokerage in its note released on Monday said that energy security policies and tighter refining markets should keep product spreads structurally stronger for longer, supporting Oil to Chemicals' (O2C) earnings despite higher logistics costs. The company currently has a market cap of more than Rs 18 lakh crore.






















