Reliance Industries second firm to cross Rs 5 lakh cr market capitalisation after TCS

New Delhi: Reliance Industries Ltd (RIL) today attained a market valuation of over Rs 5 lakh crore, becoming the second firm after TCS to achieve this milestone. At close of the trade today, the market capitalisation (m-cap) of RIL stood at Rs 5,04,458.09 crore, making it the most valued company in the country. Shares of the company rose by 1.33 percent to settle at Rs 1,551.35 on BSE. During the day, it gained 1.81 percent to Rs 1,558.80 – its multi-year high level. [caption id=“attachment_3823983” align=“alignleft” width=“380”]  Reuters[/caption] At NSE, shares of the company went up by 1.1 percent to close at Rs 1,551.75. The company’s market valuation advanced by Rs 6,672.09 crore to Rs 5,04,458.09 crore. On the volume front, 2.47 lakh shares of the company were traded on BSE, and over 42 lakh shares changed hands at NSE during the day. Shares of RIL have surged over 43 percent so far this year. TCS had attained a market valuation of over Rs 5 lakh crore for the first time in 2014. RIL is the country’s most valued company with a market valuation of Rs 5,04,458.09 crore, followed by TCS (Rs 4,58,605.88 crore), HDFC Bank (Rs 4,33,133.08 crore), ITC (Rs 3,96,171.25 crore) and HDFC (Rs 2,63,114.16 crore). RIL had earlier this month toppled TCS to become the country’s most valued firm in terms of mcap. The m-cap figures change daily with the stock price movement. (Disclosure - Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd)