At the day's highest level, Reliance Industries' market value touched Rs 13.94 lakh crore
Billionaire Mukesh Ambani-led Reliance Industries' shares climbed up more than 2 per cent on Monday to scale a new record high, which brought the oil-to-telecom conglomerate's market capitalisation - or market value - closer to the Rs 14 lakh-crore mark. On the BSE, Reliance Industries Limited (RIL) shares rose as much as 2.45 per cent to Rs 2,198.70 in morning deals. At this level, the market capitalisation (M-Cap) of Mukesh Ambani's Reliance Industries touched the Rs 13.94 lakh crore mark for the first time ever.
The further spike in shares helped Reliance industries retain its position as the country's most valuable company. Currently, Reliance Industries is the only Indian company to hold a double-digit lakh crore market value in rupee terms.
Reliance Industries is far ahead of the country's largest software company, Tata Consultancy Services (TCS), which has a market capitalisation of Rs 8.27 lakh crore, and the country's largest lender HDFC Bank (Rs 6.05 lakh crore) - both calculated at Monday's intraday highs.
The Reliance Industries stock has broken a series of records in the past few days.
At 10:52 am, the RIL stock traded 0.64 per cent higher at Rs 2,160 apiece on the bourse, outperforming the benchmark S&P BSE Sensex index which was down 0.48 per cent amid volatile trade.
