Reliance Industries became the first listed Indian company to reach a market capitalization of Rs 20 lakh crore,
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| Reliance Industries |
Yesterday, the company's shares rose as much as 2 percent in mid-hours trading.
Following this, Reliance Industries became the first listed company in the country to reach a market capitalization of Rs 20 lakh crore.
However, by the end of trading hours yesterday too, the company's market capitalization fell to Rs 19.81 lakh crore.
At the close of trading yesterday, the company's share price was on the Mumbai Stock Exchange 2,929 was Rs. The recent surge in Reliance's market value has also helped its founder Mukesh Ambani's net worth rise to Rs 9.05 lakh crore.
In the current year alone, so far, Mukesh Ambani's wealth has increased to Rs 1.04 lakh crore. Currently, Ambani is at the 11th position in the list of the world's richest people.