Stocks

RIL m-cap inches closer to ₹10 lakh cr mark

PTI New Delhi | Updated on November 20, 2019

The market valuation of Reliance Industries, the country’s most valued firm, is fast nearing the ₹10 lakh crore mark helped by continuous rise in its share price. The company’s stock on Wednesday climbed 4.10 per cent to ₹1,571.85 -- its record high -- on the BSE.

Mukesh Ambani’s Reliance Jio on Tuesday said it will increase mobile phone call and data charges in the next few weeks in compliance with rules, as it followed similar announcements by Bharti Airtel and Vodafone Idea on tariff hike.

Read more: RJio to hike mobile tariffs in ‘next few weeks’

Led by gains in its stock price, the company’s market valuation rose to ₹9,90,366.80 crore during the morning trade.

Reliance Industries Ltd (RIL) on Tuesday achieved another milestone, becoming the first Indian firm to hit a market valuation of ₹9.5 lakh crore. Last month, RIL became the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade.

Also read: RIL becomes first co to hit Rs 9 lakh cr m-cap mark

In August 2018, RIL became the first domestic firm to cross the ₹8 lakh crore mark in terms of market valuation.

TCS is the country’s second most valued firm with a market valuation of ₹7,91,753.17 crore followed by HDFC Bank with a market cap of ₹6,98,309.14 crore, Hindustan Unilever (₹4,41,480.95 crore) and HDFC (₹3,82,429.40 crore).

The market capitalisation (m-cap) figures of companies change daily with stock price movement.

Published on November 20, 2019

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