Mumbai: Reliance Industries shares have made history in Wednesday’s business. RIL’s market cap has crossed 16 lakh crore for the first time. In today’s trade, RIL shares rose around 1.5 per cent and reached 2369. This is a 52-week high for the stock. With this price, the company’s market cap has crossed 16 lac crores. Please tell that this is the first company in the country whose market cap is more than 10 lakh crores. RIL shares have gained 173 per cent since its March low.
The Reliance Industries stock has gained more than 173 per cent in the last 6 months. The stock was trading at Rs 867 on 23 March. At the same time, today i.e. on 16 September, it reached the price of Rs 2369. Let us know that the stock had gone to its 52-week low during the lockdown period, after which there has been continuous recovery. In this, there has been a big contribution for Jio with several global companies and then with Future Group.
Reliance Jio has been a major contributor to RIL’s growth, with an investment of 1.52 lakh crore since March. RIL has raised Rs 1.52 lakh crore in 15 deals with 14 global companies for Jio. It has names like Facebook, Silver Lake, Vista, General Atlantic, KKR, Mubadla, ADAI, TPG, El Caterton, PIF, Intel, Qualcomm and Google.