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Posted at: Oct 18, 2019, 4:55 PM; last updated: Oct 18, 2019, 4:55 PM (IST)

RIL becomes first Indian co to breach Rs 9 lakh cr m-cap mark

RIL becomes first Indian co to breach Rs 9 lakh cr m-cap mark
Shares of the country’s most valued company rose by 1.37 per cent to close at Rs 1,415.30 ahead of its earnings announcement. Reuters file

New Delhi, October 18

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 in intra-day trade.

The company’s market valuation zoomed to Rs 9,05,214 crore on the BSE during the day. However, at close of trade, the company’s market capitalisation (m-cap) settled at Rs 8,97,179.47 crore.

Shares of the country’s most valued company rose by 1.37 per cent to close at Rs 1,415.30 ahead of its earnings announcement. During the day, it spurted 2.28 per cent to a record Rs 1,428.

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

TCS is the second most valuable company after RIL with a m-cap of Rs 7,71,996.87 crore, followed by HDFC Bank (Rs 6,72,466.30 crore), HUL (Rs 4,55,952.72 crore), HDFC (Rs 3,61,801.97 crore), Infosys (Rs 3,29,751.88 crore), Kotak Mahindra Bank (Rs 3,08,708.32 crore), ITC (Rs 3,02,861.98 crore), ICICI Bank (Rs 2,82,783.39 crore) and Bajaj Finance (Rs 2,39,947.60 crore) in the top-10 list.

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

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