Reliance becomes first company to create a new bench mark of Rs 9 lakh crore in market cap

Mukesh Ambani-led Reliance Industries Ltd (RIL) created a new benchmark on Friday by crossing the market capitalisation of Rs 9 lakh crore.

The surge in market capitalisation and share prices comes ahead of the company’s second-quarter results to be announced later in the day.

Around 11.50 am, RIL’s market capitalisation was at Rs 9,00,317.35 crore. Shares of the company also rose to a 52 week high of Rs 1,428 per share.

At 11.50 am, the shares of RIL were trading at Rs 1,420, higher by Rs 23.85 or 1.71% from the previous close of Rs 1,396.15.