This Article is From Nov 28, 2019

Reliance Industries Market Capitalisation Crosses Rs 10 Lakh Crore

Reliance Industries had only last month crossed the MCap of Rs 9 lakh crore for the first time ever, becoming the country's most valuable company.

Reliance Industries Market Capitalisation Crosses Rs 10 Lakh Crore

Billionaire Mukesh Ambani-led Reliance Industries had last month crossed the M-Cap of Rs 9 lakh crore

Highlights

  • Reliance Industries shares rise as much as 0.73% to Rs 1,581.25 on BSE
  • At day's high, RIL's market value touches Rs 10.02 lakh crore
  • TCS market value Rs 7.84 lakh crore, HDFC Bank Rs 7.02 lakh crore

Billionaire Mukesh Ambani-promoted Reliance Industries, the country's most valuable company, crossed yet another milestone by clocking Rs 10 lakh crore in market capitalisation on Thursday. Reliance Industries shares registered mild gains, touching a record high of Rs 1,581.25 apiece on the BSE. At that level, the oil-to-telecom conglomerate's market value - or M-Cap - touched Rs 10.02 lakh crore, stock exchange data showed. At Wednesday's closing price of Rs 1,569.75, RIL's market value had stood at Rs 9,95,083.87 crore, the data showed.

Reliance Industries had only last month crossed the market capitalisation of Rs 9 lakh crore for the first time ever, becoming the country's most valuable company. (Also read: Reliance Industries posts record Rs 11,262 crore profit in September quarter)

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In terms of most valuable Indian companies, behind the oil-to-telecom conglomerate is Tata Consultancy Services (TCS) - the country's largest IT services exporter - with a market value of Rs 7,84,210.88 crore at the day's strongest mark. TCS shares rose as much as 1.78 per cent during the session.

CompanyMarket Capitalisation At Intraday High (In Lakh Crore Rupees)
Reliance Industries10.02
TCS7.84
HDFC Bank7.02
Hindustan Unilever4.54
HDFC4.05
ICICI Bank3.33
SBI3.11
(Source: BSE data)

Next on the list, and close behind TCS, is HDFC Bank with a market value of Rs 7.02 lakh crore, the data showed. HDFC Bank tops the list of lenders in India in terms of market capitalisation. Its market value stands more than double compared with that of State Bank of India, which is the country's largest lender in terms of assets.

At 10:34 am, the Reliance Industries' stock traded 0.38 per cent higher at Rs 1,575.70, outperforming the benchmark Sensex index which was up 0.13 per cent. TCS shares were up 1.34 per cent at Rs 2,081.00 apiece on the BSE at the time.

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