Reliance Industries hits new high; market cap nears Rs 9 trillion-mark

The stock hit a new high of Rs 1,407, up 3 per cent on Monday. It has rallied 24 per cent since January 17, 2019 post-December quarter results, against a 7.5 per cent rise in the S&P BSE Sensex.

Shares of Reliance Industries (RIL), which hit a new high of Rs 1,406.50 in intra-day trade on Monday, is set to become the first Indian listed company to cross the Rs 9,00,000 crore or Rs 9 trillion market capitalisation on the BSE. The stock surpassed its previous high of Rs 1,388 touched on Tuesday, March 20, 2019.

The market-cap of Mukesh Ambani-led Reliance Group Company hit Rs 8.91 trillion in intra-day trade so far and is 1 per cent away to hit the landmark. On August 23, 2018, RIL became the first Indian listed company to cross the Rs 8