Reliance Industries becomes first Indian firm to hit Rs 10 lakh crore market valuation mark
Reliance Industries on Thursday became the first Indian company to hit the Rs 10 lakh crore market valuation mark following a spike in its share price.
At market close, the oil-to-telecom conglomerate’s market capitalisation (m-cap) zoomed to Rs 10,01,555.42 crore on BSE.
The stock rose 0.65 per cent to close at Rs 1,579.95 on BSE. During the day, it jumped 0.90 per cent to an all-time high of Rs 1,584.
At the NSE, it gained 0.77 per cent to close at Rs 1,582.
“It was only a matter of time for business tycoon Mukesh Ambani’s company to test this milestone, considering the past investments made in consumer-facing sectors like telecom and retail.
