Reliance’s $40 billion gain fuels best run over Nifty since 2020
Reliance Industries Ltd.’s shares are outperforming the country’s benchmark stocks gauge by their widest margin in five years, driven by optimism over the conglomerate’s diversified businesses.
Shares of the country’s most valued firm have surged 22% this year, compared with a 6% rise in the NSE Nifty 50 Index. The firm controlled by Asia’s richest man Mukesh Ambani has added $40 billion to its market capitalization in 2025, contributing nearly a third to the value addition in the benchmark gauge.
