Monday, February 26, 2024

RIL now included in Rs 20 lakh crore market cap club, these are the top 10 valuable companies of the country

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RIL M-Cap News Updates: Mukesh Ambani’s Reliance Industries (RIL) has made another record in the business of 13 February. In today’s trading, the share of Reliance Industries strengthened by about 2 percent and reached the price of Rs 2958 (Reliance Industries Stock Price), which is an all-time high. With this, Reliance Industries has become the first Indian company to cross the market cap of Rs 20 lakh crore. Tata Consultancy is at second place, which is far behind RIL in this matter.

Market cap reached Rs 20.01 lakh crore

When the share of Reliance Industries reached Rs 2958 today, the market capitalization of the company increased to Rs 20,01,154.73 crore (RIL Market Cap). With this, this is the first time that the market cap of an Indian company has crossed Rs 20 lakh crore. RIL stock has strengthened by 14 percent so far this year, while it has strengthened by 7 percent in 1 month and 27 percent in 1 year.

TCS is at second place in market capitalization, whose market cap is around Rs 15,08,260.98 crore. HDFC Bank is at third place, then ICICI Bank and Infosys.

Top 10 Valuable Companies (Market Cap)

Reliance Industries: Rs 20,01,155 crore
Tata Consultancy Services: Rs 15,08,261 crore
HDFC Bank: Rs 10,56,504 crore
ICICI Bank: Rs 7,09,254 crore
Infosys: Rs 6,94,433 crore
LIC: Rs 6,30,444 crore
SBI: Rs 6,30,390 crore
Bharti Airtel: 6,26,626 crores
HUL: Rs 5,62,880 crore
ITC: Rs 5,05,966 crore

When and how did the market cap increase?

The market cap of Reliance Industries reached Rs 1 lakh crore for the first time in August 2005. In less than 19 years, the company’s market cap increased 20 times. The market cap of Reliance Industries became Rs 2 lakh crore in April 2007, Rs 3 lakh crore in September 2007, Rs 4 lakh crore in October 2007 and Rs 5 lakh crore in July 2017. The market cap became Rs 10 lakh crore in November 2019 and Rs 15 lakh crore in September 2021. On January 11, 2024, the market cap of Reliance Industries had crossed Rs 18 lakh crore and on January 29, 2024, it crossed Rs 19 lakh crore. That means, in less than 1 month, the company has increased the wealth of investors by Rs 2 lakh crore.

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