New Delhi: Reliance Industries Limited, the country’s largest company in terms of market capitalization, has now become the 40th most valuable company in the world. With this, Reliance Industries became the first company in India to touch the market cap of $ 210 billion (more than Rs 15 lakh crore). Reliance Industries is the country’s leading company dealing in crude oil, refinery, petrochemical, retail, and telecom sectors. Reliance is the 40th most valuable company by market valuation worldwide.
The Reliance Industries stock reached its all-time record level of Rs 2,344.95 on the NSE intra-day on Thursday and closed at Rs 2,319, up 7.29 per cent at the end of trading. ReliancePP’s stock on the NSE saw an upper circuit of 10 per cent and closed at an all-time high of Rs 1,393.7. With this, the company’s market cap reached Rs 15.45 lakh crore, or $ 210 billion in intra-day.
RIL had a market cap of $ 208.3 billion at market closing. According to market analysts, this is the first time an Indian company has crossed the $ 200 billion market cap. According to market analysts, Reliance Industries is currently the 40th most valuable company in the world and is ahead of companies like Exxon Mobil, PepsiCo, SAP, Oracle, Pfizer and Novartis. RIL is also among the top 10 most valuable companies in Asia.
ReliancePP or Partly Paid-up shares have jumped over 4.4 times in just three months. The issue closed on June 4, 2020 and the investors had to pay Rs 314.25 for each Partly paid-up shares. On June 19, 2020, Reliance crossed the market cap of $ 150 billion and has raised investor value by $ 60 billion in a short span of 60 days.
