RIL joins the ₹5 lakh crore market capitalisation club

MUMBAI: Reliance Industries Ltd on Monday became the second Indian company to cross ₹5 lakh crore market capitalisation after the nation’s biggest software major, Tata Consultancy Services Ltd (TCS). The stock has become a favourite of investors since April 1, gaining nearly 16.06% and outstripping the benchmark Sensex index, as investors believe that most of the investments made by the company will start bearing fruit from hereon. So far this year, it had gained 42% compared to 20.6% by the Sensex. TCS is the first company to have achieved this milestone.