{"id":296966,"date":"2019-10-19T11:08:25","date_gmt":"2019-10-19T05:38:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=296966"},"modified":"2019-10-19T11:17:27","modified_gmt":"2019-10-19T05:47:27","slug":"ril-on-a-high-hits-%e2%82%b99-lakh-cr-market-cap-mark","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-on-a-high-hits-%e2%82%b99-lakh-cr-market-cap-mark\/","title":{"rendered":"RIL on a high; hits \u20b99-lakh cr market-cap mark"},"content":{"rendered":"<p>Reliance Industries (RIL) became India\u2019s first company to hit a market capitalisation of \u20b99-lakh crore. Expectations around the company\u2019s telecom operations and bullish sentiment given the company\u2019s impending stake-sale deal with the world\u2019s largest oil company Saudi Aramco have been driving the stock over the past few weeks. <\/p>\n<p>Tata Consultancy Services (TCS), India\u2019s largest IT company, is the second most valued in the stock market having reached a capitalisation of \u20b98.61-lakh crore. HDFC Bank\u2019s m-cap stood at around \u20b97-lakh crore, making it the third most valued company. <\/p>\n<p>In August, RIL was downgraded by Credit Suisse with a price target of \u20b9995 on the back of higher leverage worries. But the stock has seen a stellar rise in its price and touched a high of \u20b91,428 by gaining nearly 2 per cent on Friday. The rise has been largely driven by the company\u2019s efforts to become debt-free by March 31, 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries (RIL) became India\u2019s first company to hit a market capitalisation of \u20b99-lakh crore. Expectations around the company\u2019s telecom operations and bullish sentiment given the company\u2019s impending stake-sale deal with the world\u2019s largest oil company Saudi Aramco have been driving the stock over the past few weeks. Tata Consultancy Services (TCS), India\u2019s largest IT company, is the second most valued in the stock market having reached a capitalisation of \u20b98.61-lakh crore. HDFC Bank\u2019s m-cap stood at around \u20b97-lakh crore, making it the third most valued company. In August, RIL was downgraded by Credit Suisse with a price target of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-296966","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=296966"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296966\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=296966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=296966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=296966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}