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Reliance Industries becomes first Indian firm to cross Rs 10-lakh-crore market capitalisation

By PTI
|

New Delhi, Nov 28: Reliance Industries on Thursday became the first Indian company to hit the Rs 10 lakh crore market valuation level in intra-day following a spike in its share price.

The oil-to-telecom conglomerate''s market capitalisation (m-cap) zoomed to Rs 10.02 lakh crore during morning trade on the BSE.

Reliance Industries becomes first Indian firm to cross Rs 10-lakh-crore market capitalisation

The company''s stock rose 0.73 per cent to a record peak of Rs 1,581.25 in intra-day trade on the stock exchange.

Later, it retreated from the milestone and the firm''s market capitalisation (m-cap) was around Rs 9,99,368.41 crore at 1050 hours.

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    Over the past few session, the company''s market valuation has been hovering near the Rs 10 lakh crore mark.

    In October this year, Reliance Industries (RIL) hit the Rs 9 lakh crore m-cap level.

    In August 2018, it became the first Indian company to have crossed the Rs 8 lakh crore m-cap mark.

    So far this year, the company''s scrip has zoomed 41 per cent, much higher than the 13.8 per cent rise in Sensex so far in 2019.

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    TCS is the country''s second most valued firm with a market valuation of Rs 7,79,708.02 crore, followed by HDFC Bank with a market cap of Rs 6,96,494.75 crore, Hindustan Unilever (Rs 4,49,252.62 crore) and HDFC (Rs 3,99,599.38 crore).

    The m-cap figures of companies change daily with stock price movement.

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