Reliance Industries mcap hits Rs 19 lakh cr mark in intra-day trade

Reliance Industries Limited on Wednesday became the first Indian company to hit the Rs 19 lakh crore market valuation mark in intra-day trade.

The market heavyweight stock jumped 1.85 per cent to its record high of Rs 2,827.10 during the day on the BSE. It finally settled flat at Rs 2,777.90, up 0.08 per cent.

Following the gain in the share price, the company’s market valuation jumped to Rs 19,12,814 crore in morning trade on the BSE. At the close of trade, the market valuation was at Rs 18,79,237.38 crore.

In March this year, the company’s market valuation had gone past Rs 18 lakh crore.