RIL becomes first Indian company to hit Rs 10 lakh crore market cap


RIL becomes first Indian company to hit Rs 10 lakh crore market cap

Oil-to-telecom conglomerate Reliance Industries, on Thursday, became the first Indian company to hit Rs 10 lakh crore market cap, making it the most valued Indian company in terms of market capitalisation.

RIL shares rose as much as 0.7 percent intraday today to touch a new 52-week high of Rs 1,581.25 per share on the BSE, pushing the company’s market cap to over Rs 10 lakh crore.

At 10.22 pm, RIL’s stock price was trading 0.4 percent higher at Rs 1,576.65 with the market cap of Rs 10.01 lakh crore. The stock has risen 39 percent in the last 1 year and 40 percent just in 2019.

Last week, the Mukesh Ambani-led oil-to-telecom-retail conglomerate became the first Indian firm to cross a market capitalisation of Rs 9.5 lakh crore. cn

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