Business
Reliance Industries Market Capitalisation Crosses Rs 10 Lakh Crore
By: TP News
Date: 11/28/2019 1:42:29 PM
Mumbai :Billionaire Mukesh Ambani-promoted Reliance Industries, the country's most valuable company, crossed yet another milestone by clocking Rs 10 lakh crore in market capitalisation on Thursday. RIL registered mild gains, touching a record high of Rs 1,581.25 apiece on the BSE. At that level, the oil-to-telecom conglomerate's market value - or M-Cap - touched Rs 10.02 lakh crore, stock exchange data showed. At Wednesday's closing price of Rs 1,569.75, RIL's market value had stood at Rs 9,95,083.87 crore, the data showed.
Reliance Industries had only last month crossed the market capitalization of 9 Lakh Crore for the first time ever, becoming the country's most valuable company.
In terms of most valuable Indian companies, behind the oil-to-telecom conglomerate is TCS - the country's largest IT services exporter - with a market value of Rs 7,84,210.88 crore at the day's strongest mark. TCS shares rose as much as 1.78 per cent during the session.