- By Aditya Pratap Singh
- Tue, 13 Feb 2024 11:52 AM (IST)
- Source:JND
RIL market cap: Shares of Mukesh Ambani-led Reliance Industries (RIL) touched a 52-week high on the BSE today, rising 1.89% to Rs 2957.80. It became the first listed Indian company to cross the 20 lakh crore market capitalization milestone.
The market value of RIL has increased by Rs 1 lakh crore in the last two weeks as the company touched the Rs 19 lakh crore m-cap level on January 29. In the calendar year so far, the share price of India's most valuable stock rose around 14%.
Also Read: Reliance Industries Stock Becomes First To Cross 20 Lakh Crore Market Cap
In August 2005, the group had a market cap of Rs 1 lakh crores, in April 2007 it reached Rs 2 lakh crores, in September 2007 the market cap crossed Rs 3 lakh crore mark and in October 2007 it achieved Rs 4 lakh crore and since then it has taken 12 years to reach Rs 5 lakh crore market cap in July 2017. In November 2029, The market cap was 10 lakh crore and in September 2021 it crossed Rs 15 lakh crore. The stock has achieved the milestone of Rs 20 lakh crore in February 2024.
The RIL stock rose 10.4 per cent in January and nearly 4 per cent in February so far. At 20 lakh crore, RIL remains India's most valuable company followed by Tata Consultancy Service (Rs 15 lakh crore), HDFC Bank (Rs 10.5 lakh crore), ICICI Bank (Rs 7 lakh crore) and Infosys (Rs 7 lakh crore).
