RIL becomes 1st Indian co to hit Rs 20 trn m-cap; stock up 29% in 3 months

In the past three months, the RIL stock has surged 29 per cent, outperforming the Sensex (which is up 10 per cent), amid renewed optimism around its growth prospects

Mukesh Ambani-led Reliance Industries Limited (RIL) on Tuesday became the first Indian listed company to hit the Rs 20 trillion ($250 billion) mark in market capitalisation (mcap) in intraday trade. 

RIL’s market cap touched a high of Rs 20.01 trillion as its stock hit a fresh intraday high of Rs 2,957.8 on the BSE, surpassing the previous high of Rs 2,949.9 achieved on February 2. The stock finally settled at Rs 2,928.95 with a gain of 0.9 per cent and the oil-to-telecom conglomerate was valued at Rs 19.81 trillion at the close of day’s trade.

In the past three months,