Payback time for Reliance: Market capitalisation touches Rs 5 lakh crore

It is the only company other than TCS to have exceeded Rs 5 lakh cr in m-cap

Reliance Industries’ (RIL’s) market capitalisation touched Rs 5 lakh crore, becoming the first listed stock to do so after Tata Consultancy Services (TCS) scaled that peak three years ago. The RIL stock, which has been hitting its multi-year highs consistently within recent times and is in touching distance of its all-time high levels of Rs 1,625, has gained 50 per cent over the past six months. 

The bullish sentiment rests on expectations that its investments both in its telecom venture (Reliance Jio) as well refining and petrochemicals will start delivering. With some of these projects being commissioned in FY17 and