Reliance Industries Limited (RIL) has become the first Indian firm to cross 9 lakh crore market valuation mark. RIL’s market capitalization (m-cap) was Rs 9,01,490.09 crore during late morning trade on BSE.
- The RIL shares rose nearly 2% in Friday trading session to hit Rs1,423 whereas, India’s benchmark Sensex Index rose 0.5% or 200 points to hit 39,252 points.
- According to Bank of America Merrill Lynch RIL can become the first Indian company to achieve a market capitalisation of USD 200 billion in the next two years.
- After RIL, Tata Consultancy Services (TCS) is India’s second most valued firm in India with market capitalization of Rs 7,69,483 crore.
- RIL was also the first company to reach Rs 8 lakh crore mark in August 2018 and hit the USD100 billion mark in market-cap in 2007.