The soaring share price of Reliance Industries Limited (RIL) has propelled its market value to surpass the GDPs of several countries, including Kuwait, Oman, Bahrain, and numerous others.
Reliance Industries Limited (RIL) has seen a remarkable surge in its market value, outpacing the economies of Kuwait, Oman, Bahrain, and various other nations amid recent fluctuations in its share price.
As of now, Reliance Industries Limited (RIL) boasts a market capitalization of USD 245.25 billion, eclipsing the GDPs of Kuwait, Oman, and Bahrain, which stand at USD 167.01 billion, USD 112.35 billion, and USD 47.12 billion respectively, according to the International Monetary Fund (IMF).
According to IMF figures, the market capitalization of Reliance Industries now exceeds the GDP of Luxembourg, the world’s wealthiest country in terms of GDP per capita. Luxembourg’s GDP is recorded at USD 94.03 billion, a figure less than half of Reliance Industries’ market value.
Here is the ranking of the top five companies in India based on their market values:
- Reliance Industries Limited: USD 245.25 billion
- Tata Consultancy Services: USD 178.74 billion
- HDFC Bank: USD 139.29 billion
- ICICI Bank: USD 92.92 billion
- State Bank of India: USD 83.30 billion
The market value of Reliance Industries has seen a remarkable journey over the years. It first crossed the USD 100 billion mark in 2007 but remained below that level until July 31, 2018, when it surpassed it once again.
In 2020, it achieved another milestone by reaching the USD 150 billion mark, and within the same year, it exceeded the USD 200 billion level. Today, it stands at an impressive USD 245.25 billion.
In the current year alone, the market value of Reliance Industries has surged by over 16 percent, demonstrating strong investor confidence and positive market sentiment towards the company.