Mukesh Ambani was famous in Asia. Now his company Reliance Industries has also started making noise. Reliance Industries has become one of the few selected companies in Asia. Whose valuation is Rs 20 lakh crore. The special thing is that Reliance Industries has left Jack Ma's Alibaba Group behind in this matter. Now Toyota is ahead of Reliance. Whose market cap in Indian rupees is more than Rs 31 lakh crore.
Within two hours of the market opening, the shares of Reliance Industries reached a record level and the company's market cap set a new record. For some time now, trade pundits were saying that Reliance would touch this magical figure. But no one was sure that that time would come so soon. On Tuesday, the company's shares saw a rise of about two percent. Let us also tell you what kind of figures of Reliance Industries are being seen in the stock market.
Reliance Industries at record level
March 13, 2024 has been recorded on the pages of history. On this day, a single company in the country has reached a valuation of Rs 20 lakh crore. However, a rise of 1.88 percent was seen in the company's shares today and the company's shares reached a record of Rs 2957.80. However, today the company's shares opened with a slight rise of Rs 2910.40. A day ago the company's shares had closed at Rs 2902.95. If experts are to be believed, the company's shares will soon cross the level of Rs 3000.
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Company becomes worth Rs 20 lakh crore
The special thing is that Reliance Industries has become the first company in the country whose valuation has crossed Rs 20 lakh crore. However, Reliance Industries has also joined the club of those companies in Asia whose valuation is more than Rs 20 lakh crore. The valuation of Jack Ma's Alibaba Group has gone below Rs 15 lakh crore. This means that Ratan Tata's TCS has now reached ahead of Ali Baba Group. Japanese auto company Toyota is now ahead of Reliance Industries. Whose market cap is Rs 31 lakh crore.
What was the increase on Monday?
If we talk about today, there has been a significant increase in the valuation of the company. According to the data, the market cap of the company a day ago was Rs 19.65 lakh crore. Today, when the company's shares reached a 52-week high, the company's market cap came to Rs 20,01,801.57 crore. This means that there was an increase of more than Rs 37 thousand crore in two hours of business. In the last two weeks, there has been an increase of one lakh rupees in the valuation of the company. On January 29, the valuation of the company had touched the level of Rs 19 lakh crore. The company's shares have seen an increase of 14 percent in the current year. At present the company's shares are trading at Rs 2937.65 with a rise of 1.20 percent. The market cap of the company is more than Rs 19.88 lakh crore.
the journey was like this
If we talk about the journey of Reliance Industries in the stock market, then in August 2005 the valuation of the first market company had become Rs 1 lakh crore. After that, in November 2019 i.e. after 15 years, the valuation figure of the company crossed Rs 10 lakh crore. Now after about four and a quarter years, the valuation of the company has crossed Rs 20 lakh crore. If we talk about other companies, it is far ahead of TCS (Rs 15 lakh crore), HDFC Bank (Rs 10.5 lakh crore), ICICI Bank (Rs 7 lakh crore) and Infosys (Rs 7 lakh crore).
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