Reliance Industries gains after CMD's keynote address

NEW DELHI: Reliance Industries Ltd (RIL) rose 1.39 percent to Rs 724 after Chairman and Managing Director Mukesh Ambani's keynote address at the company's 38th AGM.

Earlier, the stock rose over 2 percent on Thursday ahead of its AGM. It has hit a high of Rs 731 and a low of Rs 718.15 so far.

RIL's businesses were impacted by inflation, subsidies and lower growth, Ambani said. The company will continue to create value across businesses and aim to outperform global peers, he added.
Partnerships will drive RIL's growth, the CMD said. "Partnerships similar to BP will be important for company's growth; RIL has grown stronger due to the expansion of asset base."