RIL 1st Indian firm to hit `9 lakh cr market cap mark
New Delhi: Reliance Industries (RIL) on Friday added another feather to its cap by becoming the first Indian firm to hit the `9 lakh crore market valuation mark in intra-day trade. The company’s market valuation zoomed to `9,05,214 crore on the BSE during the day. However, at close of trade, the company’s market capitalisation settled at `8,97,179.47 crore.
New Delhi, Oct. 18: Reliance Industries (RIL) on Friday added another feather to its cap by becoming the first Indian firm to hit the `9 lakh crore market valuation mark in intra-day trade.
The company’s market valuation zoomed to `9,05,214 crore on the BSE during the day. However, at close of trade, the company’s market capitalisation (M-cap) settled at `8,97,179.47 crore.
Shares of the country’s most valued company rose by 1.37 per cent to close at `1,415.30 ahead of its earnings announcement. During the day, it spurted 2.28 per cent to a record `1,428. In August 2018, RIL became the first domestic firm to cross the `8 lakh crore mark in terms of market valuation. TCS is the second most valuable company after RIL with a M-cap of `7,71,996.87 crore, followed by HDFC Bank (`6,72,466.30 crore), HUL (`4,55,952.72 crore), HDFC (`3,61,801.97 crore), Infosys (`3,29,751.88 crore), Kotak Mahindra Bank (`3,08,708.32 crore), ITC (`3,02,861.98 crore), ICICI Bank (`2,82,783.39 crore) and Bajaj Finance (`2,39,947.60 crore) in the top-10 list.
The M-cap figures of companies change daily with stock price movement.
RIL’s market valuation zoomed to `9,05,214 cr on the BSE during the day. However, at close of trade, RIL’s M-cap settled at `8,97,179.47 cr