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Reliance Industries to be First Indian Company with a Market Cap of 1 Lakh Crore

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Reliance Industries led by Mukesh Ambani, has created a new history. On Thursday the market cap of Reliance Industries hit Rs 1 lakh crore. Reliance has become India’s first company to reach the coveted milestone.

RIL stock jumped
At around 10:35 pm on Thursday morning, shares of Reliance Industries were trading at Rs 1,579,up 0.61 per cent on BSE. It increased by 5.80 points, or 0.37 per cent. Shares of Reliance Industries closed at 1,569.85 in the previous day. The stock opened at Rs 1,572.65 in early trade.Shares of Tata Consultancy Service (TCS) were the second most valued firm on the bourses, has a market cap of Rs 7.81 lakh crore after Reliance Industries.

On October 18, the company reached a market cap of Rs 9 lakh crore. In this way, in about a month, Reliance has made a big achievement in its market cap with a profit of Rs 1 lakh crore. Reliance Industries also set a record in August last year, when the company’s market cap reached Rs 8 lakh crore for the first time. It was also the first company to hit the $100 billion mark in market-cap in 2007, a feat it repeated last July.

In the last 33 months, the market value of Reliance Industries has increased by Rs 6 lakh crore

Time Market Registration (in Rs)
Feb-17 4 lakh crores
Jul-17 5 lakh crores
Oct-17 6 lakh crores
Jul-18 7 lakh crores
Aug-18 8 lakh crores
Oct-19 9 lakh crores
Nov-19 10 lakh crores

Top 10 Companies in India in terms of Market Value 

location company market value (in Rs)
1 Reliance Industries 10 lakh crore
2 TCS 7.81 lakh crore
3 HDFC 6.96 lakh crore
4 Hindustan Unilever 4.50 lakh crore
5 HDFC 4 lakh crore
6 ICICI 3.33 lakh crore
7 SBI 3.10 lakh crore
8 Kotak Mahindra Bank 3.08 lakh crore
9 ITC 3.03 lakh crore
10 Infosys 2.95 lakh crore

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