Reliance Industries at all time high 😳


KF Rookie
Reliance the biggest private owned industry is touching it's all time high today , why that so ?

The RIL stock gained after Bloomberg reported that Walt Disney's India unit faces a significant erosion in valuation, possibly half, in the run-up to its proposed merger with Mukesh Ambani's media business. After negotiations, Disney's India assets are now valued at around $4.5 billion, compared to its earlier demand for $10 billion, the report said. The combined entity aims for an $11 billion valuation, with Disney holding a 40 percent stake.

The stock hit an all-time high of Rs 2,850 today


KF Mentor
I think it will be going up and up in the coming future. Only some big unfortunate events can bring down Reliance now. They will be a monopoly in every sector of this country in future with the government support