iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Reliance Industries Hits Historic ₹20 Lakh Crore Market Cap, First in India in 2024

13 Feb 2024 , 02:30 PM

Reliance Industries Ltd (RIL) achieved a market capitalization exceeding ₹20 Lakh Crore on February 13, making it the first Indian company to attain this milestone in 2024.

The stock witnessed a remarkable 14% rally in the year so far, reaching a new record high of ₹2,957 on the BSE.

At the time of writing, on February 13, RIL shares were trading at ₹2,925, marking a 0.70% increase from the previous close.

RIL's market cap journey includes hitting ₹1 Lakh Crore in August 2005, ₹2 Lakh Crore in April 2007, ₹3 Lakh Crore in September 2007, and ₹4 Lakh Crore in October 2007. It took 12 year to reach ₹5 Lakh Crore in July 2017. Subsequently, the market value reached ₹10 Lakh Crore in November 2019 and ₹15 Lakh Crore in September 2021. The ₹ 20-lakh-crore milestone was achieved in over 600 days.

The stock witnessed a surge of 10.4% in January and continued to climb nearly 4% in February.

RIL, headquartered in Mumbai, is an Indian multinational conglomerate with diverse business interests, including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles.

RIL is the largest public company in India in terms of market capitalization and revenue. It is also India's largest private taxpayer and exporter, contributing to 7% of the country's total merchandise exports.

However, the company has faced controversies related to political corruption, cronyism, fraud, financial manipulation, and exploitation of customers, citizens, and natural resources. Mukesh Ambani, the chairman of Reliance Industries, has been described as a plutocrat.

For feedback and suggestions, write to us at editorial@iifl.com

 

Related Tags

  • Market cap
  • news
  • Reliance Industries
  • Top News
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

closeIcon

Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp