Business

Reliance Industries’ market cap crosses Rs 19 lakh crore, shares hit all-time high

Photo:FILE

Mukesh Ambani

Highlights

  • RIL shares rose 1.85% to record Rs 2,827.10 on BSE
  • RIL shares have climbed over 19 per cent so far this year
  • According to experts, Reliance Industries is performing well in all segments

New Delhi. The market cap of the company increased to over Rs 19 lakh crore due to the rise in the shares of Reliance Industries Limited (RIL) on Wednesday. RIL became the first Indian company to cross this market valuation mark. RIL shares rose 1.85 per cent to hit a record high of Rs 2,827.10 on the BSE. After the rise in share price, the company’s market valuation reached Rs 19,12,814 crore in morning trade on BSE.

Valuation crossed 18 lakhs in March

Earlier in March this year, the market valuation of RIL had crossed Rs 18 lakh crore. Shares of RIL have gained over 19 per cent so far this year. According to Santosh Meena, Head of Research, Swastika Investmart Limited, Reliance Industries is performing well across all segments. Its petrochemical business is doing very well due to the boom in oil and gas prices.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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