NEW DELHI:
Reliance Industries Ltd (RIL) on Thursday became the first Indian listed company to cross the Rs 8 lakh crore-mark in terms of market valuation on the BSE index.
RIL shares rose to a 52-week high (up over 2 per cent) of Rs 1273.55 after the oil-to-telecom conglomerate laid out big plans at its annual general meeting (AGM), including the launch of its broadband service, Jio GigaFiber.
The RIL stock gained as much as 2.03 per cent on BSE platform before finishing 1.78 per cent higher at Rs 1268.75. The company's market capitalisation (m-cap) stood at Rs 8,04,089.32 crore.
On July 13, RIL's m-cap had briefly surged past the Rs 7 lakh crore mark, making it the second company after TCS to achieve the milestone. Later on July 20, RIL's market value surged past Rs 7 lakh crore for the second time in a week.
Both RIL and TCS (Tata Consultancy Services) are in a race to cross each other in m-cap over the recent months. TCS m-cap as of today's afternoon trade stood at Rs 7,77,200.76 crore.
The m-cap figure of companies changes daily with stock price movement.
(With inputs from PTI)
The shares of Reliance Industries rose to a 52-week high of Rs 1273.55.
