RIL market cap hits Rs 9 lakh cr, shares at 52-week high

Mumbai: Mukesh Ambani-led Reliance Industries Ltd (RIL) created a new benchmark on Friday by crossing the market capitalization of Rs 9 lakh crore.

The surge in market capitalization and share prices comes ahead of the company’s second-quarter results to be announced later in the day.

Around 11.50 a.m. RIL’s market capitalization was at Rs 9,00,317.35 crore. Shares of the company also rose to a 52-week high of Rs 1,428 per share.

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At 11.50 a.m., the shares of RIL were trading at Rs 1,420, higher by Rs 23.85 or 1.71 percent from the previous close of Rs 1,396.15

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