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Reliance market cap crosses ₹20L cr
The Morning Standard
|February 14, 2024
RIL at 49th spot among top 50 firms globally by m-cap, Microsoft most valuable company
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MUKESH AMBANI'S Reliance Industries Ltd (RIL) has become the first listed Indian company to hit the 20 lakh crore market capitalisation mark as shares of the oil-to-telecom giant hit a record high level on Tuesday.
RIL is now at 49th spot among the top 50 companies globally by market cap. Microsoft is the world's most valuable company followed by Apple and Saudi Aramco.
RIL shares hit a new high of ₹2,975.80 on the BSE in the intraday trade of Tuesday. This pushed its m-cap to a record high of ₹20.01 lakh crore in the intraday trade. At close, the company's shares were up 1% to ₹2,928.95 apiece and its m-cap stood at 19.81 lakh crore.
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