(ET)
Mukesh Ambani-led Reliance Industries hit Rs 10 lakh crore mark in market capitalisation as the bulls pushed the stock to new highs. It became the first India company to reach the coveted milestone. At 10.10 am, shares of RIL were trading at Rs 1,579, up 0.61 per cent on BSE. The market cap stood at Rs 10 lakh crore at the same time.The scrip has climbed 41 per cent year-to-date. In comparison, 30-share pack Sensex has grown barely above 12 per cent.
The scrip had been flirting with the milestone since last week when it hit Rs 9.5 lakh crore in market capitalisation. The oil-to-telecom giant had hit Rs 9 lakh crore mark on October 18, being the first company in India to do so. It took little more than a month for the firm to add another Rs 1 lakh crore to its valuation.
