Shares of billionaire Mukesh Ambani-led company Reliance Industries rose as much as 2.13 to hit record high of Rs 2,776.40 on the BSE a day after its telecom arm Reliance Jio surpassed Bharti Airtel to become the country's second largest fixed-line service provider in February 2022, according to data published by the sector regulator Trai. The company's refining business is also doing well with a key benchmark of profitability surging to record highs.