Dependence Industries shares rally 3% to strike fresh 52-week high

Shares of India’s biggest business by market capitalisation Reliance Industries (RIL) on Wednesday rallied as much as 3% to strike a fresh 52-week high of Rs 2,658.95 on BSE. The sharp rally was accompanied by a spurt in volume of more than 2 times. In the meantime, shares of Network18 likewise ended 20% approximately a fresh high while TV18 Broadcast was up 15.5% to Rs 64.47. Previously in the day, an RIL Chairperson stated the Mukesh Ambani Dhirubhai Ambani Green Energy Giga Complex in Jamnagar is all set to be commissioned in the 2nd half of 2024 itself. Spread over 5,000 acres, the job will create a great deal of green tasks, make it possible for the production of green items and products, and will make Gujarat a leading exporter of green items. While speaking at the 10th edition of the Vibrant Gujarat Summit, Ambani stated Reliance is establishing India’s very first and first-rate Carbon Fibre center at Hazira to make Gujarat a leader in New Materials and the Circular Economy. RIL shares stay on the buy list of leading brokerages. “Based on current offers we discover it an appealing risk-reward proposal provided prospective triggers in the next 12-18 months such as an uptick in cordless broadb
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