Reliance Industries becomes first Indian firm to hit $150 bn market cap
Reliance Industries on Monday became the first Indian firm to hit a market valuation of $150 billion, helped by a continuous rally in its share price.
In morning trade, the company’s market valuation jumped Rs 28,248.97 crore to Rs 11,43,667 crore ($150 billion) on the BSE.
The heavyweight stock surged 2.53 per cent to a record high of Rs 1,804.10 on the BSE.
On the NSE, it rose by 2.54 per cent to an all-time high of Rs 1,804.20.
Reliance Industries on Friday became the first Indian company to cross the Rs 11 trillion market valuation mark.
Its market valuation crossed Rs 11 trillion in the previous session as its share price rallying over 6 per cent after chairman Mukesh Ambani announced that his oil-to-telecom conglomerate had become net debt-free.
