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Reliance breaks into top 50 most valued companies globally, ranks 48

Globally, Saudi Aramco is the company with the highest market cap of $1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet

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2 min read Last Updated : Jul 23 2020 | 6:12 PM IST

Billionaire Mukesh Ambani's Reliance Industries Ltd has broken into the top 50 most valued companies globally after it became the first company with market capitalisation of over Rs 13 trillion.

The oil-to-telecom conglomerate is ranked 48th in market cap globally, according to stock market data.

Globally, Saudi Aramco is the company with the highest market cap of $1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet.

Reliance on Thursday closed at Rs 2,060.65 on the BSE, up 2.82 per cent over the previous day's close. This gave the firm a m-cap of over Rs 13 trillion.

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Topics : Reliance Industries Mukesh Ambani Saudi Aramco

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