Business Desk, Tech for FTCP, New Delhi
Updated Wed, 16 Sep 2020 03:54 PM IST
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In the end, it closed at Rs 2,324.90 with a gain of 0.26 per cent and the market capitalization of the company reached 15.33 lakh crore. The Reliance Industries stock has gained more than 173 per cent in the last six months.
When did the market capitalization record break?
India's most valuable company Reliance has been breaking its own record in terms of market capitalization-
- On 18 October 2019, Reliance became a company with a market capitalization of nine lakh crore rupees. It was the first company in India to have a market capitalization of nine lakh crore rupees.
- On 28 November 2019, the market capitalization of Reliance Industries had crossed 10 lakh crores. Whereas the company stood at Rs 9.50 lakh crore last week.
- The market capitalization of the country's veteran businessman Mukesh Ambani's company crossed Rs 11 lakh crore on 19 June 2020. Mukesh Ambani had then declared his company to be pure debt-free, doing business in a wide range from crude oil to telecom, after which the company had registered a growth of over 65 thousand crore rupees.
- On July 6, 2020, RIL again created history. Then its market position rose by Rs 26,150.05 crores to Rs 11,59,318.60 crores i.e. 11.5 lakh crores due to a huge surge in shares.
- The market capitalization of the company crossed the Rs 12 lakh crore level on 13 July 2020. The market capitalization of the company had increased by Rs 38,163.22 crore to Rs 12,29,020.35 on the BSE due to the rise in the stock.
- On July 22, 2020, the market capitalization of Reliance Industries increased rapidly and reached 13.17 lakh crore rupees ($ 176.4 billion). Then, Mukesh Ambani, the head of Reliance Industries, was ranked fifth in Forbes' real-time list of rich individuals with a net worth of $ 75 billion.
- On 24 July 2020, Reliance again created history. During the business, market capitalization of Reliance had crossed the Rs 14 lakh crore mark. He achieved this position due to the rise in shares of the company.