×
E-PAPER ▾

E-paper

BUSINESS & FINANCE

RIL's market cap breaches Rs 7 lakh-cr mark

| | New Delhi
RIL's market cap breaches Rs 7 lakh-cr mark

The market valuation of Reliance Industries today surged past Rs 7 lakh crore mark in the morning trade, making it the second company after TCS to achieve this milestone.

RIL's market capitalisation (m-cap) rose to Rs 7,01,404 crore (over USD 102 billion) during the early trade on BSE. The m-cap has been calculated at the stock's 52-week high price of Rs 1,107.25.

Shares of the company rose by 2.31 per cent to Rs 1,107.25 on BSE today.

Reliance Industries yesterday crossed the USD 100-billion market capitalisation mark for the first time in the last 10 years.

Earlier, Reliance Industries had breached this mark in intra-day trade on October 18, 2007. The US dollar was quoted at Rs 39.59 at that time.

The market valuation of RIL had crossed the Rs 6 lakh crore mark in November last year.

The company announced aggressive business plan at its annual general meeting (AGM) held last week. The stock has been on an uptrend ever since and has gained nearly 14 per cent since July 5.

IT bellwether Tata Consultancy Services' market valuation had in May surged past Rs 7 lakh crore.

TCS is the country's most valued firm with a market cap of Rs 7,60,355.03 crore followed by RIL, HDFC Bank (Rs 5,69,268.91 crore), HUL (Rs 3,75,455.73 crore) and ITC (Rs 3,33,506.50 crore) in the top five order.

 
 
 
 
 

TOP STORIES

Sunday Edition

View All

My father lived, died for India, says Rahul

15 Jul 2018 | PTI | New Delhi

Amid row over alleged use of derogatory language in a web series while referring to former Prime Minister Rajiv Gandhi, Congress chief Rahul Gandhi on Saturday said the BJP and the RSS believe that freedom of expression must be policed, while he regards it as a fundamental democratic right. “My father lived and died in the service of India...

Read More

STATE EDITIONS

View All

Two-month-old dies in 108-Amublance

18 Jul 2018 | Staff Reporter | RAIPUR

A two-month-old infant died due to suffocation after the door of the ‘108 Ambulance Service’ that was carrying him to a hospital malfunctioned and failed to open on time at Dr Bhimrao Ambedkar Hospital here on Tuesday. The Ambulance operators tried to open the door for a couple of hours but failed to open it on time...

Read More

Page generated in 0.2125 seconds.