RIL’s market valuation crosses $200-bn mark

New Delhi, September 10

Continuing its rally, shares of Reliance Industries Ltd on Thursday closed over 7% higher, helping its market valuation cross the $200 billion-mark and become the first domestic firm to achieve the milestone.

During the day, its market valuation jumped to Rs 15,84,908 crore ($215.75 billion) on the BSE. The stock of the country’s most valuable firm rose 7.10% to close at Rs 2,314.65 on the BSE. During the day, it jumped 8.45% to a record high of Rs 2,343.90.

On the NSE, it gained 7.29% to close at Rs 2,319 after hitting a lifetime high of Rs 2,344.95, up 8.49% during the day. In the previous session too, it had closed with nearly 3% gain.

At close of trade on the BSE, RIL’s market valuation rose to Rs 14,67,350.26 crore ($199.74 billion).

The company’s market capitalisation rose by Rs 97,246.46 crore to Rs 14,67,350.26 crore from Rs 13,70,103.80 crore in the previous trade. — PTI