RIL Stock Records Impressive Gains: Surges 10.4% in January, Followed by Another 4% in February Amidst Market Rally and Favorable Brokerage Reports.
Reliance Industries Ltd has shattered records in the Indian stock market, becoming the country’s pioneer company to breach the coveted Rs 20 lakh crore mark in market capitalisation. This unprecedented feat follows a remarkable 14% surge in its shares since the dawn of 2024.
Today, on February 13, the conglomerate’s stock soared to a new pinnacle, reaching Rs 2,957 on the Bombay Stock Exchange (BSE). In the midst of trading, the stock witnessed an intraday upswing of 1.8%, settling at Rs 2,953 by 11:16 am, marking a 1.7% increment from its previous close.
Reliance Industries has been on a steady trajectory of market capitalisation growth:
- August 2005: Crossed the Rs 1 lakh crore market cap threshold.
- April 2007: Surpassed Rs 2 lakh crore market cap.
- September 2007: Achieved Rs 3 lakh crore market cap.
- October 2007: Crossed Rs 4 lakh crore market cap.
- July 2017: Attained Rs 5 lakh crore market cap after a 12-year journey.
- November 2019: Marked Rs 10 lakh crore market cap.
- September 2021: Surpassed Rs 15 lakh crore market cap.
- February 13, 2024: The landmark Rs 20 lakh crore milestone is achieved, demonstrating remarkable growth over a span of approximately 600 days.
This remarkable accomplishment underscores Reliance Industries‘ unparalleled position in the Indian market, reflecting robust investor confidence in the company’s performance and future prospects. The milestone is poised to bolster the conglomerate’s presence in both domestic and international financial realms, potentially attracting heightened investor interest and catalysing its expansion endeavors.
The achievement of this milestone reaffirms Reliance Industries Ltd‘s status as a stalwart of the Indian economy, underscored by its unwavering resilience, strategic acumen, and consistent performance.
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