Reliance Industries First Indian Firm to reach Rs.10 lakh crore market cap
On Thursday, Reliance Industries market capitalization touched Rs.10 lakh crore mark for the first time ever. Reliance Industries shares registered mild gains, touching Rs. 1,581.25 apiece on the BSE at the strongest level in morning deals.
At that level, the billionaire Mukesh Ambani-led conglomerate's market value - or MCap - touched Rs. 10,02,373.86 crore, stock exchange data showed. At Wednesday's closing price of Rs. 1,569.75, RIL's market value had stood at Rs. 9,95,083.87 crore, the data showed.
Reliance Industries had only last month crossed the market capitalisation of Rs. 9 lakh crore for the first time ever, becoming the country's most valuable company.
At 10:34 am, the Reliance Industries stock traded 0.38 per cent higher at Rs. 1,575.70, outperforming the benchmark Sensex index which was up 0.13 per cent. TCS shares were up 1.34 per cent at Rs. 2,081.00 apiece on the BSE at the time.