Reliance Industries becomes 1st Indian firm to hit ₹11,43,667 crore market cap
NEW DELHI : Reliance Industries Ltd (RIL) on Monday became the first Indian firm to hit a market valuation of $150 billion during the day.
In the morning trade, the company’s market valuation jumped ₹28,248.97 crore to ₹11,43,667 crore (USD 150 billion) on the BSE. However, it failed to continue the momentum and at the close of the trade, the company’s market valuation remained at ₹11,07,620.56 crore ($145.68 billion).
The heavyweight stock surged 2.53% to a record high of ₹1,804.10 during the day on the BSE. However, fag-end selling emerged at the counter and it declined 0.70% to close at ₹1,747.20.
On the National Stock Exchange (NSE) also, it erased all early gains and closed at ₹1,752.50, 0.39% lower after rising 2.54% to an all-time high of ₹1,804.20 during the day.
