Reliance Industries market valuation crosses Rs 14 lakh-crore mark

New Delhi, July 24

Reliance Industries’ market valuation crossed the Rs 14 lakh-crore mark on Friday as its inventory rallied over Four per cent to scale its contemporary peak.

The firm’s partly paid-up shares, listed individually, have a market capitalisation of Rs 54,262.45 crore. The mixed market capitalisation (m-cap) of Reliance Industries now stands at Rs 14,14,825.44 crore.

The inventory of the nation’s most-valued agency jumped 4.15 per cent to shut at Rs 2,146.20 on the BSE. During the day, it gained 4.95 per cent to a document excessive of Rs 2,162.80.

This took its market valuation to Rs 13,60,562.99 crore on the shut of commerce on the BSE.

On the National Stock Exchange (NSE), shares of the oil-to-telecom conglomerate rose 4.40 per cent to shut at Rs 2,148.40.

Shares of Reliance Industries had on Thursday additionally jumped almost three per cent amid studies that Amazon was eyeing a stake within the conglomerate’s retail arm.

The firm’s partly paid-up shares zoomed 8.77 per cent to shut at Rs 1,284.50 on the BSE.

ReliancePP, the partly paid-up shares issued within the lately concluded rights problem, had listed on the inventory exchanges on June 15 this 12 months.

While RIL is the nation’s most-valuable listed firm, the second-placed TCS has a market capitalisation of Rs 8,09,408.14 crore, adopted by HDFC Bank on the third place with an m-cap of Rs 6,14,252.37 crore.

Since final Thursday, RIL’s shares have jumped 16.44 per cent.

So far this 12 months, RIL shares have gained 41.74 per cent. PTI

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