Reliance Industries shares rose nearly 1% to an intraday high of Rs 2,677.55 amid positive news. The gains can be largely attributed to the oil and telecom conglomerate which announced two after-hours acquisitions Tuesday.
At 11:42 am, RIL shares were trading up 0.4% to Rs 2,678.3.
Over the past three years, Nifty50-heavyweight shares have climbed over 140% while the 50-stock index has gained only 73%.
Recently, the conglomerate announced two acquisitions. RNSL has acquired REC Solar Holdings from China National Bluestar (Group) Co Ltd, and RNSL plans to acquire a 40 percent stake in Sterling and Wilson Solar.