Reliance share price jumps 17% YTD: Can India's most valuable stock deliver more gains or is it time to book profits?
Reliance Industries' share price has posted healthy gains so far this year, supported by comfortable valuations, strong growth prospects, and investors' preference for quality large-cap stocks amid market volatility.
Reliance is India's largest stock with a market capitalisation of nearly ₹ 19.5 lakh crore. India's most valuable stock has gained over 17 per cent year-to-date (YTD) against a 4 per cent gain in equity benchmark Sensex.
On Tuesday, June 17, the heavyweight stock dropped nearly 1 per cent in intraday trade.
Meanwhile, on a monthly scale, Reliance share price has been on a winning streak since March this year, even though it hit a 52-week low of ₹ 1,115.55 on April 7. Reliance shares hit their 52-week highs of ₹ 1,608.95 on July 8 last year.
(This is a developing story. Please check back for fresh updates.)
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