Reliance Industries becomes first Indian firm to hit Rs 10 lakh crore market valuation

Kashmir Times. Dated: 11/29/2019 11:24:14 PM

NEW DELHI, Nov 28 (Agencies): Reliance Industries on Thursday became the first Indian company to hit the Rs 10 lakh crore market valuation level.
The oil-to-telecom conglomerate's market capitalisation (m-cap) zoomed to Rs 10.02 lakh crore during morning trade on the BSE.
The company's stock rose 0.73 per cent to a record peak of Rs 1,581.25 (intra-day) on the index.
Reliance Industries Ltd (RIL) last week achieved another milestone, becoming the first Indian firm to hit m-cap of Rs 9.5 lakh crore. Also, last week the company surpassed BP Plc in terms of market valuation.
In October, RIL hit the Rs 9 lakh crore m-cap mark in intra-day trade, first by any listed company.
In August 2018, it became the first Indian firm to cross the Rs 8 lakh crore m-cap mark.
TCS is the country's second most valued firm with a market valuation of Rs 7,68,075.63 crore followed by HDFC Bank with a m-cap of Rs 6,97,707.03 crore.
The m-cap figures of companies change daily with stock price movement.



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