Reliance Industries' stock gained momentum, trading at ₹1290.05, marking an increase of 18.70 points or 1.47% from its previous close of ₹1271.35 on the BSE. The stock opened at ₹1280.00 and fluctuated between a high of ₹1290.70 and a low of ₹1274.75, with 2,46,120 shares exchanged during the session.

The company, a BSE Group 'A' stock with a face value of ₹10, previously reached a 52-week high of ₹1608.95 on July 8, 2024, and a low of ₹1185.63 on November 30, 2023. Its market capitalization currently stands at ₹17,33,023.34 crore. The promoter shareholding is at 50.24%, while institutional and non-institutional investors hold 39.05% and 10.71%, respectively.

Reliance Finance and Investments USA LLC (RFIUL), a subsidiary of Reliance, acquired a 21% stake in Wavetech Helium, Inc. (WHI) for $12 million. WHI, established in July 2021, specializes in helium gas exploration and production in the U.S., targeting underground reservoirs.

Helium plays a crucial role in medical, aerospace, electronics, and fiber optic applications. The growing demand for semiconductors, driven by AI and data center expansions, is expected to boost helium consumption. The acquisition aligns with Reliance's strategy to enhance its presence in low-carbon exploration and production.

Reliance Industries, India's largest private-sector company, operates across various sectors, including hydrocarbons, petrochemicals, retail, and digital services.