Reliance Industries Ltd (RIL) today attained a market valuation of over Rs 5 lakh crore, becoming the second firm after TCS to achieve this milestone.
At close of the trade today, the market capitalisation (m-cap) of RIL stood at Rs 5,04,458.09 crore, making it the most valued company in the country.
Shares of the company rose by 1.33 per cent to settle at Rs 1,551.35 on BSE. During the day, it gained 1.81 per cent to Rs 1,558.80 -- its multi-year high level.
At NSE, shares of the company went up by 1.1 per cent to close at Rs 1,551.75.
The companys market valuation advanced by Rs 6,672.09 crore to Rs 5,04,458.09 crore.
On the volume front, 2.47 lakh shares of the company were traded on BSE, and over 42 lakh shares changed hands at NSE during the day.
Shares of RIL have surged over 43 per cent so far this year.
TCS had attained a market valuation of over Rs 5 lakh crore for the first time in 2014.
RIL is the countrys most valued company with a market valuation of Rs 5,04,458.09 crore, followed by TCS (Rs 4,58,605.88 crore), HDFC Bank (Rs 4,33,133.08 crore), ITC (Rs 3,96,171.25 crore) and HDFC (Rs 2,63,114.16 crore).
RIL had earlier this month toppled TCS to become the countrys most valued firm in terms of mcap.
The m-cap figures change daily with the stock price movement.