Reliance Industries Becomes The First Indian Company To Attain The 10 Lakh Crore M-Cap

Publish On: 28 Nov, 2019 11:26 AM | Updated   |   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.


You can have a look at the top companies in the m-cap segments down below:

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.


Here is the history of the Reliance Industries 10 lakh crore market capitalization journey:

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

 

Also Read: Reliance Communications’ subunit GCX files for Bankruptcy