RIL first company in India to surpass ₹12 L-cr market cap
MUMBAI: Reliance Industries Ltd (RIL) on Monday became the first Indian company to cross the ₹12 lakh crore in market capitalisation as the stock soared to a record high. Shares of the company, controlled by billionaire Mukesh Ambani, have doubled in value since mid-March.
The surge in market cap comes ahead of RIL’s annual general meeting slated for Wednesday.
At closing on Monday, the RIL stock settled at ₹1,934.30 apiece, up 3% from its previous close on the BSE; achieving a market cap of ₹12.26 lakh crore. The stock had touched a low of ₹867.82 on BSE on March 23, and since then it has risen over 120%.
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