Oil-to-telecom major Reliance IndustriesNSE 1.42 % on Friday became the first Indian company to hit ₹9 lakh crore in market capitalisation. The company achieved this milestone ahead of its September quarter result, which was set to be announced after trading hours.
The stock ended up 1.4 per cent at ₹1415.30 after touching a record high of ₹1428. At close, the company’s market cap stood at ₹8.97 lakh crore while the market cap of TCS the second most valued Indian company-stood at ₹7.7 lakh crore. So far this year, shares of Reliance Industries have surged over 25 per cent compared with a gain of 7 per cent in the benchmark Nifty index.
