RIL achieves yet another feat, first Indian firm to hit Rs 9.5 lakh cr m-cap mark; shares jump nearly 4%

last month, RIL had added another feather to its cap by becoming the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade.

Press Trust of India November 19, 2019 16:39:27 IST
RIL achieves yet another feat, first Indian firm to hit Rs 9.5 lakh cr m-cap mark; shares jump nearly 4%
  • At the close of trade, shares of the company climbed 3.52% to close at Rs 1,509.80 on the BSE

  • Following this, the company's market valuation rose by Rs 32,525.22 crore to Rs 9,57,086.22 crore on the BSE

  • Last month, RIL had added another feather to its cap by becoming the first Indian firm to hit Rs 9 lakh crore market valuation mark in intra-day trade

New Delhi: Reliance Industries Limited on Tuesday achieved another milestone by becoming the first Indian firm to hit a market valuation of Rs 9.5 lakh crore, helped by a rally in its stock price.

At the close of trade, shares of the company climbed 3.52 percent to close at Rs 1,509.80 on the BSE. During the day, it jumped 3.87 percent to a record high of Rs 1,514.95.

RIL achieves yet another feat first Indian firm to hit Rs 95 lakh cr mcap mark shares jump nearly 4

Representational image. Reuters.

Following this, the company's market valuation rose by Rs 32,525.22 crore to Rs 9,57,086.22 crore on the BSE.

Last month, RIL had added another feather to its cap by becoming the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade.

In August 2018, RIL became the first domestic firm to cross the Rs 8 lakh crore mark in terms of market valuation.

TCS is the country's second most valued firm with a market valuation of Rs 7,91,115.27 crore followed by HDFC Bank with a market cap of Rs 6,97,761.76 crore, Hindustan Unilever Limited (Rs 4,40,961.39 crore) and HDFC (Rs 3,82,291.21 crore).

So far this year, RIL's stock has gained over 34 percent.

The m-cap figures of the companies change daily with stock price movement.

(Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd which publishes Firstpost)

Updated Date:

also read

Jio Platforms net profit rises 8.8% to Rs 3,795 crore in December quarter
Business

Jio Platforms net profit rises 8.8% to Rs 3,795 crore in December quarter

Gross revenue from operations increased by 5.76 per to Rs 24,176 crore from Rs 22,858 crore in the October-December 2020 period

Market update: As Sensex, Nifty begin volatile trading session, here are some stocks to watch for
Business

Market update: As Sensex, Nifty begin volatile trading session, here are some stocks to watch for

Sensex and Nifty incurred losses of 0.72 per cent and 0.79 per cent respectively to settle the day at 17,617.15 and 59,037.18 on Friday