Reliance creates history, becoming the first company in the country with a market value of one million crore

New Delhi, Nov 28, 2019, Thursday

Reliance Industries Limited has made history today. The market cap of the company has crossed Rs 1 lakh crore. Thus, Reliance has become India's first one million crore rupees company.

At ten o'clock in the morning, the stock price of the company was trending at Rs 1579 and at that time the market value of the company had crossed Rs 1 lakh crore. Earlier in 2018, Reliance also became the first company in the country with a market value of 8 lakh crore.

Market analysts say that the company's stock will still see a surge in the coming days. Reliance's decision to raise tariffs by telecom companies has given relief to Geo's other firm, which will also benefit the company.

TCS is second after Reliance in terms of market value. Currently, its market value is 7.8 lakh crore. Third-ranked HDFC Bank has a market value of 6.96 lakh crore.