RIL crosses Rs 5 lakh cr market-cap for first time in its trading history

The stock toppled Tata Consultancy Service (TCS) in terms of market-cap, gaining as much as 1.8%

Reliance Industries, the most valuable firm on the bourses, added another feather in its cap by crossing the Rs 5 lakh crore market-capitalisation for the first time in its trading history.

It has become the second only firm to do so after Tata Consultancy Service (TCS), which is now the second most valuable company in terms of market-capitalisation.   

RIL settled the day 1% higher at Rs 1,551 with a market-cap of 5,04,458 crore on the BSE.   

In intraday trade, the stock gained as much as 1.8% to hit its fresh 52-week high of Rs 1558.80 on the BSE.