RIL Market Cap Comes Very Close To Rs 10 Lakh Crore Mark In Intraday Trade
The market capitalisation of Reliance Industries Ltd., the country's most valued firm, came very close to the Rs 10 lakh-crore mark in intraday trade on Tuesday.
RIL's market cap rose to Rs 9,99,045 crore in intraday trade on the Bombay Stock Exchange but fell to Rs 9,88,179.79 crore at the close.
The company is still ahead of British energy major BP Plc in terms of market valuation. BP Plc's market cap stood at $131 billion, about Rs 9,36,519 crore, in pre-market trade on the New York Stock Exchange.
RIL shares rose 0.98 percent intraday to a record Rs 1,576 apiece on the BSE but ended the day 0.12 percent lower at Rs 1,558.85. The stock has advanced 38.5 percent in the past 52 weeks.
Last week, RIL became the first Indian firm to achieve a market cap Rs 9.5 lakh crore. In October, it crossed the Rs 9 crore valuation mark, another first for a listed Indian firm. In August 2018, it became the first Indian firm to cross the Rs 8 lakh crore market cap mark.
Tata Consultancy Services Ltd. is the country's second most valued firm with a market cap of Rs 7,68,075.63 crore.
TCS is followed by HDFC Bank Ltd. (Rs 6,97,707 crore), Hindustan Unilever Ltd. (Rs 4,46,211.06 crore) and Housing Development Finance Corporation Ltd. (Rs 3,97,958.39 crore) to round up the Top-5 most-valued companies in India.