RIL’s market valuation topped Rs 9 trillion in intra-day trade on Friday, becoming the first domestic company to do so. Shares of the company rose as much as 2.3 per cent before giving up some gains to end at Rs 1,415, up 1.4 per cent. At close, the company was valued at Rs 8.98 trillion ($125 billion).
Shares of the Mukesh Ambani-led firm have added Rs 1.5 trillion in market cap since the government’s decision to lower corporate taxes. The stock has been particularly on fire since the start of 2017, having gained 2.6 times since. Currently, RIL ranks 68th