Mumbai: Mukesh Ambani-led Reliance Industries Limited (RIL) became the first Indian company to achieve a market capitalization of Rs 20 lakh crore. The shares of the company had hit a 52-week high during intra-day trade at Rs 2,957.80.
The market valuation of the company surged to Rs 20,01,279.72 crore during the intra-day session and at close, the market capitalisation stood at Rs 19,81,635.72 crore.
On the NSE, shares of Reliance Industries rose nearly 1.89 per cent to reach a record high of Rs 2,958 apiece — also its 52-week high level. Later, the blue-chip stock ended 0.74 per cent higher at Rs 2,926.20 apiece.
In the past two weeks, the market value of RIL stock has gone up by nearly Rs 1 lakh crore.
Reliance Industries continued to rule the chart in the ranking of top-10 most valued firms, followed by TCS, HDFC Bank, ICICI Bank, Infosys, Life Insurance Corporation of India, State Bank of India, Bharti Airtel, Hindustan Unilever and ITC.
Last month, shares of Reliance Industries were in heavy demand, climbing over 7 per cent, taking its market valuation to cross the ₹19.56 lakh crore mark.
In March 2022, the company’s market valuation had gone past the Rs 18 lakh crore mark.
The BSE Sensex surged 482.70 points to close at 71,555.19 points, while the broader NSE Nifty gained 127.20 points to end the day at 21,743.25 points.
