Prateek
Reliance Industries Limited on Thursday crossed the Rs. 10 Lakh crore market capitalization becoming the first company from India to be in this segment. The share's cost per unit has gone all the way up to Rs 1,581.
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Mukesh Ambani-led conglomerate's market value touched Rs. 10,02,373.86 crore. The Gujarati businessman is applying different tactics and making several kinds of deals to get the best out.
Reliance Industries has been swinging around the Rs. 10 lakh crore m-cap for several days and now finally has achieved this milestone. The share prices increased by 0.70 % which resulted in the companies achievement.
Around a month ago Reliance Industries was the first Indian company to enter the market capitalization of Rs. 9 lakh crore m-cap.
Mukesh Ambani made an announcement to work on cutting the company's net debt to zero in the upcoming months. This resulted in an improvement in the stock values of the company.
| Company | Market Capitalisation At Intraday High (In Lakh Crore Rupees) |
|---|---|
| Reliance Industries | 10.02 |
| TCS | 7.84 |
| HDFC Bank | 7.02 |
| Hindustan Unilever | 4.54 |
| HDFC | 4.05 |
| ICICI Bank | 3.33 |
| SBI | 3.11 |
| (Source: BSE data) | |
Companies like TCS and HDFC Bank were once a competition to the Reliance Industries at first but now it looks like Mukesh Ambani has gone rogue and he is not going to let anyone even touch the values that RIL has touched.
| Market Cap | Start Date | End Date | No. Of Sessions |
|---|---|---|---|
| 0-5 | July 15, 1992 | July 17, 2017 | 6,329 |
| 5-6 | July 18, 2017 | Nov. 24, 2017 | 90 |
| 6-7 | Nov. 27, 2017 | July 19, 2018 | 162 |
| 7-8 | July 20, 2018 | Aug. 23, 2018 | 23 |
| 8-9 | Aug. 24, 2018 | Oct. 24, 2019 | 284 |
| 9-10 | Oct. 25, 2019 | Nov. 28, 2019 | 25 |
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