RIL’s Market Capitalization Passes Over Rs 3 Trillion
Mukesh Ambanii’s Reliance Industries Limited (RIL), has turned into the first company to achieve a market capitalisation (cap) of Rs 3 trillion after the company’s shares soared up 5.6% on yesterday (September 19).
RIL’s scrip ascended to touch a record high of Rs 2,185, and closed the day after making a profit of Rs 114.50 at Rs 2,172.90 recording a market cap at about Rs 3,028 billion at the end of the trading session.
In terms of market capitalization, shares of ONGC, the second largest company on the Sensex also zoomed about 6 per cent in order to accomplish a market capitalisation of Rs 1,928 billion. Bharti Airtel’s market cap arose to Rs 1,682 billion after the scrip gained 6.5%.
Each and every stock closed the day on a cheerful note buoyed up by the US Federal Reserves decision to lower the interest rates that resulted to frenzy buying action in stock markets throughout the world.
