Reliance Industries becomes first Indian firm to cross market cap of Rs 9.5 lakh crore


Reliance Industries becomes first Indian firm to cross market cap of Rs 9.5 lakh crore

Reliance Industries’ shares on Tuesday touched a new 52-week high of Rs 1511.90, rising as much as 3.6 percent, pushing the company’s market cap over Rs 9.5 lakh crore. At 1.49 pm, Reliance Industries shares quoted at Rs 1506.60, trading 3.3 percent higher with a market cap of Rs 9,55,438 crore.

Last month, the Mukesh Ambani-led oil-to-telecom-retail conglomerate became the first Indian firm to cross a market capitalisation of Rs 9 lakh crore. At Rs 9 lakh crore, RIL’s market cap was higher than that of 6 PSUs together, which are State Bank of India (Rs 2.4 lakh crore), Oil and Natural Gas Corp. Read More

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