Reliance Industries Hits New Milestone as Market Value Surpasses Rs 19 Lakh Crore

Conglomerate behemoth Reliance Industries achieved a new landmark as its market capitalization crossed the Rs 19 lakh crore mark for the first time ever.

This came on the back of the company’s stock hitting yet another record high during Monday’s trading session.

Shares of RIL gained over 3.5% to close at Rs 2,798 apiece on the NSE, taking the company’s market value to Rs 19.18 lakh crore.

The latest surge was driven by continued optimism around the company’s robust performance and promising growth outlook across businesses.

In its recent December quarter earnings, Reliance reported record profits and margins for its oil-to-chemicals division.

By achieving the milestone market valuation, Reliance has underscored its position as India’s largest listed company.