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Reliance Industries Crosses Record-breaking Market Value Of Rs 14 Lakh Cr

Shares of Reliance Industries had on Thursday jumped nearly 3% as well amid reports that Amazon was eyeing a stake in the conglomerate's retail arm.

Reliance Industries' market valuation crossed Rs 14 lakh crore mark on Friday as its stock rallied over four percent to scale its fresh peak.

The stock of the country's most valued firm jumped 4.32 percent to a record high of Rs 2,149.70 on the BSE. This took its market valuation to Rs 13,54,033.41 crore in the late morning trade on the BSE.

Shares of Reliance Industries had on Thursday also jumped nearly three percent amid reports that Amazon was eyeing a stake in the conglomerate's retail arm.

The company's partly paid-up shares zoomed 9.99 percent to Rs 1,299 on the BSE.

While RIL is the country's most valuable listed company, the second-placed TCS has a market capitalisation of Rs 8,07,419.38 crore, followed by HDFC Bank at the third place with a market cap of Rs 6,11,095.46 crore.

 Billionaire Mukesh Ambani's Reliance Industries Ltd has broken into the top 50 most valued companies globally after it became the first company with a market capitalisation of over Rs 13 lakh crore.

The oil-to-telecom conglomerate is ranked 48th in market cap globally, according to stock market data.

Reliance on Thursday closed at Rs 2,060.65 on the BSE, up 2.82 percent over the previous day's close. This gave the firm a market cap of over Rs 13 lakh crore.

(PTI)


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