RIL becomes first Indian company to cross Rs 19 trillion in market cap
Mumbai: Reliance Industries Ltd (RIL) has become the first-ever Indian company to cross a market capitalization (m-cap) of 19 trillion or 19 lakh crore as the company's stock hit record hit a record of Rs 2,827.10 on BSE, up 1.7 percent intraday, said media reports.
At 10.24 am, RIL rallied at Rs 2,817 on BSE, up 1.5 percent from its previous close. Shares have rallied 11 percent in the last seven sessions, stated a MoneyControl report.
The scrip had settled at Rs 2,775.70 on Tuesday.
At its peak, the market capitalization of the oil-to-telecom conglomerate stood at Rs 19,03,658.88 crore, with a free-float market cap of Rs 9,70,866.03 crore, ET reported.