RIL m-cap inches closer to Rs 10 lakh cr mark

November 20, 2019 12:16

The market valuation of Reliance Industries, the country's most valued firm, is fast nearing the Rs 10 lakh crore mark helped by continuous rise in its share price.

The company's stock on Wednesday climbed 4.10 per cent to Rs 1,571.85 -- its record high -- on the BSE. Billionaire Mukesh Ambani's Reliance Jio on Tuesday said it will increase mobile phone call and data charges in the next few weeks in compliance with rules, as it followed similar announcements by Bharti Airtel and Vodafone Idea on tariff hike.

Led by gains in its stock price, the company's market valuation rose to Rs 9,90,366.80 crore during the morning trade. Reliance Industries Ltd on Tuesday achieved another milestone, becoming the first Indian firm to hit a market valuation of Rs 9.5 lakh crore. -- PTI

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