Categories: BusinessNews

Reliance Market Cap: Reliance created a new history, became the first company to achieve Rs 20 lakh crore

Reliance Market Cap: The year 2024 is very special for Indian industrialist Mukesh Ambani. His company Reliance Industries (Reliance Industries) has made a new record in India. It has become the first company in the country to cross the market cap of Rs 20 lakh crore. Amid the surge in the Indian stock market, shares of Reliance Industries have risen 1.89 percent to reach a 52-week high of Rs 2957.80 at 11.15 am. However, at 3 pm the company’s share price was at Rs 2,929.50 with a rise of 0.85 percent i.e. Rs 24.80. The market cap of the company has increased by Rs 1 lakh crore in the last two weeks. Earlier, the market cap of Reliance Industries had touched the figure of Rs 19 lakh crore on January 29. After this, the company’s shares have risen by about 5 percent in 15 days.

Reliance

Gave 26 percent return in 12 months

The company’s stock has never disappointed the investors of Reliance Industries. The company has given a return of 5.08 percent i.e. Rs 141.70 to investors in the last one month. Whereas, in six months the investors of the company have received a return of 13.69 percent i.e. Rs 352.70. Whereas, in one year the share price of Reliance Industries has increased by 26.11 percent i.e. Rs 606.60. A year ago, on February 13, 2023, the company’s share price had closed at Rs 2323.35.

Deal with GAIL and IGL

Public sector gas company GAIL (India) Limited (GAIL) and the country’s largest city gas operator Indraprastha Gas Limited (IGL) have acquired most of the coal seam gas in the e-auction conducted by Reliance Industries Limited. According to the news agency, Reliance had earlier this month issued an e-mail for the sale of nine lakh standard cubic meters of gas per day produced from coal-bed methane (CBM) block SP (West)-CBM-2001/1 in Madhya Pradesh. Auction was held.

Mayank

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