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RIL Market Valuation Inches Close To Record ₹ 10 Lakh Crores

Pritish raj by Pritish raj
November 20, 2019
in News, Industries
Reading Time: 2 mins read
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RIL Market Valuation- Next Big Brand

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  • Reliance Industries Ltd (RIL) crossed another landmark on Tuesday, becoming the first Indian company to cross a Rs 9.5 lakh crore market valuation.
  • Reliance Industries’ (RIL) market valuation, the most valued company in the country, is fast approaching the Rs 10 lakh crore mark driven by the steady increase in its share price.

Reliance Industries’ market valuation, the most valued company in the country, is fast approaching the Rs 10 lakh crore mark driven by the steady increase in its share price.

Led by stock price gains, the company’s market value in the morning trade rose to Rs 9,90,366.80 crore. Wednesday’s stock of the company climbed to Rs 1,571.85— its record-high— 4.10 percent on the BSE.

It was also last month’s first Indian firm to cross the landmark when the Mukesh Ambani-led RIL hit the market cap mark of about 9 lakh crore.

Reliance Industries Ltd (RIL) crossed another landmark on Tuesday, becoming the first Indian company to cross a Rs 9.5 lakh crore market valuation.

RIL was the first domestic company to reach the Rs 8 lakh crore mark in terms of market value in August 2018.

TCS is the second most valued company in the country with a market value of Rs 7.91.753.17, followed by HDFC Bank with a market cap of Rs 6.98.309.14, Hindustan Unilever (Rs 4.41.480.95) and HDFC (Rs 3.82.429.40).

Last month, RIL had declared that it would set up a new subsidiary to put all its digital initiatives and applications into a single entity, infusing 1,08 lakh crore equity into this new unit.

The new structure will also create India’s largest platform for digital services. The new entity will continue to work on technologies in areas such as healthcare and education, while examining, among others, next-generation skills such as artificial intelligence, blockchain, virtual and augmented reality.

According to analysts, RIL’s move to create a new subsidiary integrating all digital initiatives would improve the attractiveness of the digital platform for potential investors.

RIL’s telecom/digital sector restructuring focuses on asset monetization and debt reduction, said Morgan Stanley.

Oil-to-telecom conglomerate RIL reported an increase in net profit of 18.3 percent year-on-year to a record of 11,262 crores, backed by a strong performance from retail and digital services companies.

RIL may become the first Indian firm to reach a market capitalization of $200 billion over the next two years, according to Bank of America Merrill Lynch.

The brokerage firm expects that the market cap to raise over $200 billion on three technical engines— new business company, fixed broadband operations, and digital initiatives — will create an enterprise value of $55 billion for the sector. The brokerage firm also expects that an incremental value of $22 billion can be applied to its online projects such as ads, borrowing along with SME / broadband.

Tags: reliance industriesReliance RevenueRIL m cap
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Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

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