Reliance Industries becomes first Indian firm to hit $150 bn market cap

by mehekkaoberoi
  • Reliance Industries on June 22 became the first Indian firm to hit a market valuation of  $150 billion, helped by a continuous rally in its share price.
  • In morning trade, the company’s market valuation jumped Rs 28,248.97 crore to Rs 11,43,667 crore ($150 billion) on the BSE.
  • The heavyweight stock surged 2.53 per cent to a record high of Rs 1,804.10 on the BSE.
  • On the NSE, it rose by 2.54 per cent to an all-time high of Rs 1,804.20.
  • Reliance Industries on June 19 became the first Indian company to cross the Rs 11 trillion market valuation mark.
  • Its market valuation crossed Rs 11 trillion in the previous session as its share price rallying over 6 per cent after chairman Mukesh Ambani announced that his oil-to-telecom conglomerate had become net debt-free.
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