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Thursday, Nov 21, 2019

Reliance Industries becomes first Indian company to hit Rs 9 lakh cr market-cap mark

In August 2018, Reliance Industries became the first domestic firm to cross the Rs 8 lakh crore mark in terms of market valuation.

business Updated: Oct 18, 2019 12:17 IST
Press Trust of India
Press Trust of India
New Delhi
A poster of Reliance Industries Limited
A poster of Reliance Industries Limited (REUTERS)
         

Reliance Industries (RIL) on Friday added another feather to its cap by becoming the first Indian firm to hit the Rs 9 lakh crore market valuation mark.

During late morning trade on BSE, the company’s market capitalisation (m-cap) was Rs 9,01,490.09 crore.

The scrip of the country’s most-valued company was trading in the green, up 2.28 per cent to a record Rs 1,428, ahead of its earnings announcement later in the day.

In August 2018, RIL became the first domestic firm to cross the Rs 8 lakh crore mark in terms of market valuation.

The m-cap figure of companies changes daily with stock price movement.