Reliance Industries Reclaims $100-billion M-cap Mark


Reliance Industries Reclaims $100-billion M-cap Mark

Reliance Industries today reclaimed the $100-billion m-cap mark, as the company shares hit a 52-week high of Rs 1,099 on both the bourses.

The energy-to-telecoms conglomerate led by Mukesh Ambani, had earlier breached the $100-billion mark way back in 2007 when the rupee was at 39.5 against the US dollar. In rupee terms, the company’s market capitalisation then stood at Rs 4.11 lakh crore.

The country’s biggest software services exporter, Tata Consultancy Services Ltd, was the first Indian tech company to hit the $100-billion mark in April.

RIL shares hit a 52-week high of Rs 1,099 owing to aggressive business expansion plan announced at the AGM last week ahead of June quarter earnings. Read More

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