RIL Becomes First Indian Company to Hit Rs 10L Crore Market Cap

Mukesh Ambani’s Reliance Jio Infocomm Ltd (RJIL). 

(Photo: PTI)

Reliance Industries on Thursday, 28 November, became the first Indian company to hit the Rs 10 lakh crore market valuation level in intra-day following a spike in its share price.

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 percent to a record peak of Rs 1,581.25 in intra-day trade on the stock exchange.

At 11:55 pm, the market capitalisation had slided down to Rs 9,98,639.41 crore. Over the past few session, the company's market valuation has been hovering near the Rs 10 lakh crore mark.

In October this year, Reliance Industries (RIL) hit the Rs 9 lakh crore m-cap level.

In August 2018, it became the first Indian company to have crossed the Rs 8 lakh crore m-cap mark.

So far this year, the company's scrip has zoomed 41 percent, much higher than the 13.8 percent rise in Sensex so far in 2019.

TCS is the country’s second most valued firm with a market valuation of Rs 7,79,708.02 crore, followed by HDFC Bank with a market cap of Rs 6,96,494.75 crore, Hindustan Unilever (Rs 4,49,252.62 crore) and HDFC (Rs 3,99,599.38 crore).

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