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RIL crosses Rs 5 lakh cr market-cap for first time in its trading history

The stock toppled Tata Consultancy Service (TCS) in terms of market-cap, gaining as much as 1.8%

Aprajita Sharma  |  New Delhi 

Reliance Industries Limited

Reliance Industries, the most valuable firm on the bourses, added another feather in its cap by crossing the Rs 5 lakh crore market-capitalisation for the first time in its trading history.

It has become the second only firm to do so after Tata Consultancy Service (TCS), which is now the second most valuable company in terms of market-capitalisation.   

settled the day 1% higher at Rs 1,551 with a market-cap of 5,04,458 crore on the BSE.   

In intraday trade, the stock gained as much as 1.8% to hit its fresh 52-week high of Rs 1558.80 on the BSE. It has surged nearly 11% so far in July and over 41% year-to-date.  

Also Read: Sensex rallies 1000 points in 11 days; Reliance, ITC surge most

Meanwhile, with market-cap of Rs 4,58,605 crore, ended flat at Rs 2,395 in the noon trade.

The oil-to-conglomerate is slated to announce its earnings for the April-(Q1) on Thursday and hold its AGM the day after. Analysts expect the focus, both in terms of the numbers and the AGM, would be on the company’s business Reliance Jio. CLICK HERE FOR THE FULL REPORT

Brokerage Motilal Oswal Securities believes may report a decline in its gross refining margin (GRM) in the  

"is expected to report a decline in its in the quarter, led by narrowing light-heavy differential and inventory loss of ~USD1/bbl. While we expect subdued profitability in the refining segment, petchem profitability is likely to increase YoY/QoQ, led by improved deltas and increase in petchem volumes," said Motilal Oswal Securities in a preview report.

is the difference between raw crude price and total value of petroleum products produced by the refinery. 

First Published: Mon, July 17 2017. 16:04 IST
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