Mukesh Ambani-led Reliance Industries (RIL) on Thursday hit Rs 10 lakh crore mark in market capitalisation as the bulls pushed the stock to new highs. It became the first India company to reach the coveted milestone. At 10.10 am, shares of RIL were trading at Rs 1,579, up 0.61 per cent on BSE. The market cap stood at Rs 10 lakh crore at the same time. Tata Consultancy Services, the second most valued firm on the bourses, has a market cap of Rs 7.81 lakh crore.
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Mukesh Ambani-led Reliance Industries (RIL) on Thursday hit Rs 10 lakh crore mark in market capitalisation as the bulls pushed the stock to new highs. It became the first India company to reach the coveted milestone. At 10.10 am, shares of RIL were trading at Rs 1,579, up 0.61 per cent on BSE. The market cap stood at Rs 10 lakh crore at the same time. Tata Consultancy Services, the second most valued firm on the bourses, has a market cap of Rs 7.81 lakh crore.
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Oil-to-telecom major Reliance Industries (RIL) on Friday became the first company in India to hit the market capitalisation of Rs 9 lakh crore. RIL was also the first company to reach Rs 8 lakh crore mark in August last year. The market-cap of Mukesh Ambani-led company stood at Rs 9.03 crore when the stock traded at Rs 1,428, up 2 per cent at 10.45 hours (IST) on Friday ahead of its September quarter earnings due later in the day. IT giant TCS, which has seen some selling lately, was at a distant second with a market-cap of Rs 7.66 lakh crore.
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Oil-to-telecom giant Reliance Industries on Thursday reported 8.82 per cent year-on-year (YoY) rise in consolidated profit at Rs 10,251 crore. Analysts in an ET Now poll had estimated the profit at Rs 9,540 crore.
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Oil-to-telecom major Reliance Industries (RIL) on Thursday said its fourth quarter profit rose 9.79 per cent year-on-year (YoY) to Rs 10,362 crore. Analysts in an ET NOW poll had projected a net of Rs 10,000 crore. India’s biggest company in terms of market capitalisation had posted a profit of Rs 9,438 crore in the corresponding quarter last year.
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