RIL’s m-cap hits `7L-cr

New Delhi, July 20: RIL shares closed at lifetime high on Friday and its market value surged past `7 lakh crore for the second time in a week.

Reliance Industries Ltd’s market capitalisation (mcap) stood at `7,15,106.70 crore ($104 billion) at close of trade on BSE.

On July 13, RIL’s m-cap had briefly surged past the `7 lakh crore mark, making it the second company after TCS to achieve this milestone.

RIL stock rose by 2.23 per cent to close at `1,128.55 on BSE on Friday. During the day, it had surged 3.11 per cent to `1,138.25.

Reliance Industries had closed with $100-billion mcap on July 13 for the first time in 10 years.

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

TCS is the country’s most valued firm with a market cap of `7,64,164.46 crore, followed by RIL, HDFC Bank (`5,78,899.21 crore), HUL (`3,58,506.65 crore) and ITC (`3,34,129.43 crore) in the top five order.

Meanwhile, the Sensex rebounded over 145 points while the broader NSE Nifty settled above the 11,000-mark on Friday, driven by a spurt in IT and pharma counters.

Investors looked beyond the no-confidence motion against the government in the Lok Sabha and accumulated fresh positions, brokers said.

A recovery in the rupee from its record low also supported the bounce back, they added. — PTI