RIL share price more than doubles in 3 months; becomes first Indian firm to hit $150bn m-cap

RIL share price hit a new all-time high of Rs 1,804.10 apiece on BSE after the company on Friday announced to become a net debt-free firm nine months ahead of its deadline. Reliance Industries share price more than doubled from its March low of Rs 883.85 apiece touched on March 23. The stock gained 2.5 per cent in today’s trade which made the oil-to-telecom conglomerate the first Indian firm to be valued at Rs 11,43,667 crore (USD 150 billion) registering a rise of Rs 28,248.97 crore, on the BSE. In the past one week, RIL stock has soared nearly 12 per cent from Rs 1,615 to Rs 1,804 apiece.