Reliance Industries, the country’s most valued firm became the first Indian company to reach Rs 10 lakh crore market capitalisation on 28th November. RIL’s market capitalisation (m-cap) reached to Rs 10,01,555.42 crore on BSE.
Crux of the Matter
RIL’s stock value has risen 39% in the last year and to 40% in 2019 alone
RIL gained 0.77% at NSE and closed at Rs 1,582.
RIL gained 0.65% at BSE to close at Rs 1,579.95
During the day, it reached an all-time high of Rs 1,584.
RIL had hit an m-cap of Rs 9.5 lakh crore in the previous week.
RIL had reached its Rs 8 lakh crore mark in August 2018.
Reliance Industries posted a record net profit of Rs 11,262 crore in the September quarter.
With a market cap of Rs 7.81 lakh crore, Tata Consultancy Services is the second most valued firm on the stock market.
Curiopedia
Reliance Industries Limited is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. On 18 October 2007, Reliance Industries became the first Indian company to exceed $100 billion market capitalization. The company is ranked 106th on the Fortune Global 500 list of the world’s biggest corporations as of 2019. Reliance is India’s largest exporter, accounting for 8% of India’s total merchandise exports with a value of Rs 147,755 crore and access to markets in 108 countries. Reliance is responsible for almost 5% of the government of India’s total revenues from customs and excise duty. More Info
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