RIL becomes first company to hit Rs 9L cr m-cap mark
Reliance Industries (RIL) on Friday added another feather to its cap by becoming the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade.
The company’s market valuation zoomed to Rs 9,05,214 crore on the BSE during the day. However, at close of trade, the company’s market capitalisation (m-cap) settled at Rs 8,97,179.47 crore.
Shares of the country’s most valued company rose by 1.37 per cent to close at Rs 1,415.30 ahead of its earnings announcement. During the day, it spurted 2.28 per cent to a record Rs 1,428.
In August 2018, RIL became the first domestic firm to cross the Rs 8 lakh crore mark in terms of market valuation.
