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Reliance Industries becomes the first company to cross the market value of Rs 19 lakh crore

Reliance Industries Market Cap: The market value of Reliance Industries, the largest private sector company, crossed Rs 19 lakh crore on Wednesday. Mukesh Ambani’s company Reliance Industries is the first Indian company to achieve this position.

Market cap reached 19 lakh crores
Due to the fall in the stock market, the stock of Reliance Industries opened with a fall of Rs 20. But later the buying in the stock returned and the stock reached Rs 2826. During this period, Reliance Industries became the first company in the country to cross the historic level of market capitalization of Rs 19 lakh crore. The stock of Reliance Industries is seeing a boom since the last seven trading sessions and during this time the company’s stock has jumped 11 percent. The stock has gained 25 per cent since March.

Brokerage houses are bullish on Reliance
According to stock market experts, the stock of Reliance Industries is rising due to a record jump in Singapore GRM (Gross Refining Margin). Brokerage and research firm Jefferies has said in its report that the share of Reliance Industries will go up to Rs. could. According to Jefferies, Reliance’s stock has underperformed compared to Nifty in 2021, but this year the story may reverse. Due to the retail and telecom business, the growth of Reliance Industries will increase by 36 percent.

Earlier, Goldman Sachs analysts have said in their report that the stock of Reliance Industries can touch new heights. Goldman Sachs analysts have said in their note that the stock of Reliance Industries can touch a height of up to 83 percent from its current level. In the base case, the company’s stock can see a jump of up to 35 percent and it can go up to the level of Rs 3,185.

Disclaimer: The information provided here is being given for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. It is never advised to invest money from digitnews.in to anyone here.

 

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