Reliance Industries’ Market Cap Crosses Rs. 8 Lakh Crore

Market capitalisation of Reliance Industries on Thursday touched Rs 8 lakh crore on the BSE. The stock also touched a fresh 52-week high of Rs 1,260.80.

The huge upmove in the stock has been visible especially after the company laid out big plans at its annual general meeting (AGM), including the launch of its fibre-to-the-home service, GigaFiber.

The stock surpassed m-cap of Rs 7 lakh crore on July 13, 2018. The company on July 12 crossed the $100-billion market capitalisation mark for the first time in the last 10 years. IT bellwether Tata Consultancy Services’ market valuation had in May surged past Rs 7 lakh crore.

At 13:44 hrs Reliance Industries was quoting at Rs 1,261.75, up Rs 15.25, or 1.22 percent, on the BSE. It has touched a 52-week high of Rs 1,262.95.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd