New Delhi: Reliance Industries Limited (RIL) on Tuesday became the first Indian company to surpass Rs 20 lakh crore in market capitalisation as share price of Mukesh Ambani-led firm hit record high on the bourses.
This was enabled as the share price of RIL hit a record high of Rs 2,957.80 at the BSE in the intra-day trade on Tuesday. RIL closed 0.90% higher at Rs 2928.95 at the BSE against a 0.68% gain in the benchmark Sensex. So far in the 2024 calendar year RIL has rallied by 14%.
The market capitalisation of the oil-to-telecom conglomerate has doubled in just over three years. RIL’s valuation stood at Rs 10 lakh crore in November 2019.
