Reliance Industries becomes first Indian company to hit Rs 19 lakh m-cap

Reliance Industries Limited has become the first Indian company to hit the Rs 19 lakh crore market valuation mark in intra-day trade. The market heavyweight stock jumped 1.85 per cent to its record high of Rs 2,827.10 during the day on the BSE. It finally settled flat at Rs 2,777.90, up 0.08 per cent.

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In March this year, the company’s market valuation had gone past Rs 18 lakh crore. Last year on October 13, the company’s market valuation went past Rs 17 lakh crore mark. Following the gain in the share price, the company’s market valuation jumped to Rs 19,12,814 crore in morning trade on the BSE. At the close of trade, the market valuation was at Rs 18,79,237.38 crore.

Important takeaways for all competitive exams: 

• Reliance Industries Ltd CEO: Mukesh Ambani (31 Jul 2002–);
• Reliance Industries Ltd Founder: Dhirubhai Ambani;
• Reliance Industries Ltd Founded: 8 May 1973, Maharashtra;
• Reliance Industries Ltd Headquarters: Mumbai.

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