Adding yet another feather in its cap, Reliance Industries has now become the first Indian company to hit the Rs 10 lakh crore market valuation mark following a spike in its share price.
At market close as per the PTI report, the oil-to-telecom conglomerate’s market capitalisation (m-cap) zoomed to Rs 10,01,555.42 crore on BSE.
The stock rose 0.65 per cent to close at Rs 1,579.95 on BSE. During the day, it jumped 0.90 per cent to an all-time high of Rs 1,584.
At the NSE, it gained 0.77 per cent to close at Rs 1,582.
Since the past few sessions, the company’s market valuation has been hovering near the Rs 10 lakh crore mark.
On the volume front, 2.73 lakh shares of the company were traded on the BSE and over 62 lakh shares on the NSE during the day.
In October this year, Reliance Industries (RIL) hit the Rs 9 lakh crore m-cap level.
In August 2018, it became the first Indian company to have crossed the Rs 8 lakh crore m-cap mark.