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RIL Market Cap: Reliance Industries market valuation hits Rs 10 lakh crore-mark | India Business News

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NEW DELHI: The market capitalisation of Reliance Industries (RIL), the country’s most valued company, hit the Rs 10 lakh crore-mark in early trade on Thursday. RIL, controlled by Aisa’s richest person Mukesh Ambani, is the first Indian company to achieve this feat.

The oil-to-telecom conglomerate’s market valuation or m-cap zoomed over Rs 10 lakh crore-mark and its shares also touched 52-week high of Rs 1,581.25.

As of 10:53 am, RIL’s m-cap stood at Rs 10,00,034.02. So far this year, RIL’s share price has jumped nearly 40 per cent.

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 7,80,814.97 crore followed by HDFC Bank with a m-cap of Rs 6,96,549.50 crore, Hindustan Unilever (Rs 4,49,404.16 crore) and HDFC (Rs 4,00,609.89 crore).

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

(With PTI inputs)



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