Stocks

RIL becomes first Indian firm to hit Rs 10 lakh crore m-cap mark

PTI New Delhi | Updated on November 28, 2019 Published on November 28, 2019

 Reliance Industries (RIL), on Thursday, 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 per cent to a record peak of Rs 1,581.25 in intra-day trade on the stock exchange.

Later, it retreated from the milestone and the firm’s m-cap was around Rs 9,99,368.41 crore at 1050 hours.

Over the past few session, RIL’s market valuation has been hovering near the Rs 10 lakh crore mark. In October this year, its shares 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 per cent, much higher than the 13.8 per cent 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.

Published on November 28, 2019
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