RIL market valuation crosses Rs 14-trn mark as stocks rally over 4%
Reliance Industries’ market valuation crossed the Rs 14-trillion mark on Friday as its stock rallied over 4 per cent to scale its fresh peak.
The company’s partly paid-up shares, listed separately, have a market capitalisation of Rs 54,262.45 crore. The combined market capitalisation (m-cap) of Reliance Industries now stands at Rs 14,14,825.44 crore.
The stock of the country’s most-valued firm jumped 4.15 per cent to close at Rs 2,146.20 on the BSE. During the day, it gained 4.95 per cent to a record high of Rs 2,162.80. This took its market valuation to Rs 13,60,562.99 crore at the close of trade on the BSE.
On the National Stock Exchange (NSE), shares of the oil-to-telecom conglomerate rose 4.40 per cent to close at Rs 2,148.40.
