<p>New Delhi: Reliance Industries Limited (RIL) on Tuesday became the first Indian company to surpass Rs 20 lakh crore in market capitalisation as share price of Mukesh Ambani-led firm hit record high on the bourses.</p><p>This was enabled as the share price of RIL hit a record high of Rs 2,957.80 at the BSE in the intra-day trade on Tuesday. RIL closed 0.90% higher at Rs 2928.95 at the BSE against a 0.68% gain in the benchmark Sensex. So far in the 2024 calendar year RIL has rallied by 14%.</p>.Reliance Infrastructure Q3 net loss widens to Rs 421 crore.<p>The market capitalisation of the oil-to-telecom conglomerate has doubled in just over three years. RIL’s valuation stood at Rs 10 lakh crore in November 2019. It crossed Rs 15 lakh crore mark in September 2021. In just the last two weeks the company’s market value has increased by Rs 1 lakh crore.</p><p>Just to give a perspective, the market capitalisation of RIL is now around 45% of the size of India’s budget, which stands at Rs 44.9 lakh crore for the current fiscal. For the financial year 2024-25, the total expenditure of the central government or the size of India’s federal budget is pegged at Rs 47.66 lakh crore.</p><p>RIL’s market capitalisation is 11.64% of the size of the Indian economy. As per the latest National Statistical Office (NSO), India’s real gross domestic product (GDP) at constant 2011-12 price is estimated to reach Rs 171.79 lakh crore in the current financial year, while the nominal GDP is pegged at Rs 296.58 lakh crore.</p><p>Reliance Industries has been one of the biggest wealth creators in the Indian stock market history. Market capitalisation of RIL touched Rs 1 lakh crore mark in August 2005. It hit Rs 2 lakh crore in April 2007 and within six months doubled to Rs 4 lakh crore in October 2007.</p><p>However, the journey between Rs 4 lakh crore to Rs 5 lakh crore was long. It took 12 years. RIL’s market cap hit Rs 5 lakh crore in July 2017. Inless than 7 past years RIL’s market capitalisation has increased by Rs 15 lakh crore. The company’s promoter and chairman & managing director Mukesh Ambani has been the biggest gainer of this rally. Promoter and promoter group controls a majority 50.30% stake in Reliance Industries Limited.</p><p>RIL is way ahead of India’s second most valuable firm Tata Consultancy Services (TCS), whose market capitalisation is close to Rs 15 lakh crore. With a market capitalisation of around Rs 10.5 lakh crore HDFC Bank is at the third spot followed by ICICI Bank and Infosys.</p>
<p>New Delhi: Reliance Industries Limited (RIL) on Tuesday became the first Indian company to surpass Rs 20 lakh crore in market capitalisation as share price of Mukesh Ambani-led firm hit record high on the bourses.</p><p>This was enabled as the share price of RIL hit a record high of Rs 2,957.80 at the BSE in the intra-day trade on Tuesday. RIL closed 0.90% higher at Rs 2928.95 at the BSE against a 0.68% gain in the benchmark Sensex. So far in the 2024 calendar year RIL has rallied by 14%.</p>.Reliance Infrastructure Q3 net loss widens to Rs 421 crore.<p>The market capitalisation of the oil-to-telecom conglomerate has doubled in just over three years. RIL’s valuation stood at Rs 10 lakh crore in November 2019. It crossed Rs 15 lakh crore mark in September 2021. In just the last two weeks the company’s market value has increased by Rs 1 lakh crore.</p><p>Just to give a perspective, the market capitalisation of RIL is now around 45% of the size of India’s budget, which stands at Rs 44.9 lakh crore for the current fiscal. For the financial year 2024-25, the total expenditure of the central government or the size of India’s federal budget is pegged at Rs 47.66 lakh crore.</p><p>RIL’s market capitalisation is 11.64% of the size of the Indian economy. As per the latest National Statistical Office (NSO), India’s real gross domestic product (GDP) at constant 2011-12 price is estimated to reach Rs 171.79 lakh crore in the current financial year, while the nominal GDP is pegged at Rs 296.58 lakh crore.</p><p>Reliance Industries has been one of the biggest wealth creators in the Indian stock market history. Market capitalisation of RIL touched Rs 1 lakh crore mark in August 2005. It hit Rs 2 lakh crore in April 2007 and within six months doubled to Rs 4 lakh crore in October 2007.</p><p>However, the journey between Rs 4 lakh crore to Rs 5 lakh crore was long. It took 12 years. RIL’s market cap hit Rs 5 lakh crore in July 2017. Inless than 7 past years RIL’s market capitalisation has increased by Rs 15 lakh crore. The company’s promoter and chairman & managing director Mukesh Ambani has been the biggest gainer of this rally. Promoter and promoter group controls a majority 50.30% stake in Reliance Industries Limited.</p><p>RIL is way ahead of India’s second most valuable firm Tata Consultancy Services (TCS), whose market capitalisation is close to Rs 15 lakh crore. With a market capitalisation of around Rs 10.5 lakh crore HDFC Bank is at the third spot followed by ICICI Bank and Infosys.</p>