At $131.63 bn, RIL overtakes BP Plc in market capitalisation

Reliance Industries on Wednesday overtook BP Plc in terms of market capitalisation. RIL’s market-cap currently stands at $131.635 billion against BP’s $129.9 billion. While RIL’s market-cap has climbed from $80.245 billion at the end of 2018, BP’s has only moved up marginally from $127.054 billion.

The share price of Mukesh Ambani-controlled Reliance Industries hit a year-high of ₹1,480 on the NSE on Wednesday and is hovering around ₹1,471.90. In early trade on the London Stock Exchange, the BP stock climbed 0.69 per cent to £495.95.

It must, however, be noted that the two stocks are not strictly comparable, as Reliance is a more diversified player with retail and telecom verticals, while BP remains a pure-play energy company.