Reliance Industries nears Rs 10 lakh crore m-cap

The market valuation of Reliance Industries, the country's most valued firm, is nearing the Rs 10 lakh crore mark

On Wednesday, the oil-to-telecom conglomerate's market capitalisation (m-cap) stood at Rs 9,91,381.07 crore.

On Tuesday the Mcap had zoomed to Rs 9,99,045 crore ($139 billion) but came down to Rs 9,88,179.79 crore (nearly $138 billion) by the closing bell.

The company is still ahead of British energy major BP Plc in terms of market valuation.

BP Plc's m-cap was at $131 billion in pre-market trade at NYSE.

The company's stock rose 0.98 per cent to a record peak of Rs 1,576 in intra-day on the BSE. Later, it however, closed marginally lower by 0.12 per cent at Rs 1,558.85.

So far this year, RIL's share price has jumped 38.46 per cent.

Reliance Industries Ltd (RIL) last week achieved another milestone, becoming the first Indian firm to hit m-cap of Rs 9.5 trillion.

Also, last week the company surpassed BP Plc in terms of market valuation.

In October, RIL hit the Rs 9 trillion m-cap mark in intra-day trade, first by any listed company.

In August 2018, it became the first Indian firm to cross the Rs 8 trillion m-cap mark.

TCS is the country's second most valued firm with a market valuation of Rs 7,68,075.63 crore followed by HDFC Bank with a m-cap of Rs 6,97,707.03 crore, Hindustan Unilever (Rs 4,46,211.06 crore) and HDFC (Rs 3,97,958.39 crore).

The m-cap figures of companies change daily with stock price movement.

(With PTI inputs)

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