Shares of Reliance Industries have reached record levels and the company’s market cap has set a new record. For some time now, it was being said by trade pundits that Reliance would touch this magical figure. But no one knew it would come so soon.
Mukesh Ambani’s trumpet was ringing in Asia. Now his company Reliance Industries has also started ringing. Reliance Industries Ltd (RIL) is one of Asia’s largest companies. It is worth Rs 20 lakh. Significantly, Reliance Industries has also left behind Jack Ma’s Alibaba Group in this matter. Toyota is now ahead of Reliance. Its market capitalization is more than Rs 31 lakh crore in Indian rupees.
Within two hours of the opening of the market, the share of Reliance Industries has reached a record level and the company’s market cap has set a new record. For some time now, it was being said by trade pundits that Reliance would touch this magical figure. But I didn’t know it would come so soon. The company’s shares rose nearly 2% on Tuesday. Let us also tell you how the figures of Reliance Industries are seen in the stock market.
Reliance Industries has entered the pages of history on 13 March 2024 at a record level. On this day, a single company in the country has reached a valuation of Rs 20 lakh crore. Shares of the company rose by 1.88 per cent today and reached a record Rs 2957.80. However, the company’s share opened with a slight increase of Rs 2910.40 today. The stock had closed at Rs 2902.95 earlier in the day. According to experts, the share of the company will soon cross the level of Rs 3000.
Rs 20 lakh crore
Reliance Industries Ltd (RIL) has become the first Indian company to cross the Rs 20 lakh crore valuation mark. Reliance Industries has also joined the club of companies in Asia whose valuation is more than Rs 20 lakh crore. The valuation of Jack Ma’s Alibaba Group has gone below Rs 15 lakh crore. This means that Ratan Tata’s TCS has now reached beyond the Ali Baba Group. Reliance Industries is now ahead of Japanese auto company Toyota. It has a market cap of Rs 31 lakh crore.
Reliance Industries Limited (RIL) achieved a historic milestone on Tuesday as it became the first Indian company to surpass a market capitalisation of Rs 20 lakh crore.
The oil-to-telecom conglomerate achieved the feat after its shares hit a 52-week high of Rs 2,958, rising… pic.twitter.com/Tx24usgaaP
— IndiaToday (@IndiaToday) February 13, 2024
If we talk about how much the increase was on Monday, then there has been a good increase in the valuation of the company. According to the data, the market cap of the company was Rs 19.65 lakh crore a day before. Today, when the company’s stock reached a 52-week high, the company’s market cap came to Rs 20,01, 801.57 crore. This means that in two hours of trading, an increase of more than 37 thousand crore rupees was seen. In the last two weeks, the company’s valuation has seen an increase of one lakh rupees. On January 29, the company’s valuation had touched Rs 19 lakh crore. The company’s shares are up 14% this year. The stock is currently trading at Rs 2937.65, up 1.20 per cent. The company has a market cap of over Rs 19.88 lakh crore.
There’s something about the journey
If we talk about the journey of Reliance Industries in the stock market, in August 2005, the valuation of the first market company was Rs 1 lakh crore. After that, in November 2019 i.e. after 15 years, the company’s valuation figure crossed Rs 10 lakh crore. Now after about four and a half years, the company’s valuation has crossed Rs 20 lakh crore. When it comes to other companies, TCS (Rs 15 lakh crore) is way ahead of HDFC Bank (Rs 10.5 lakh crore), ICICI Bank (Rs 7 lakh crore) and Infosys (Rs 7 lakh crore).
