Shares of Reliance Industries (RIL) touched a 52-week high of Rs 1,428, rising more than 2 percent ahead of their September quarter numbers to be announced late on October 18.
The company crossed the total market capitalisation of Rs 9 lakh crore and is now the most valued Indian company in terms of market cap.
RIL is expected to report a good set of earnings for the July-September quarter with gross refining margin rising 17 percent compared to the June quarter.
Most brokerages expect gross refining margin (GRM) at $9.5 a barrel for quarter ended September 2019, against $8.1 a barrel in Q1FY20.