Reliance Industries market cap touches $100-bn mark, stock at record high

RIL became the second Indian company to scale the milestone after TCS.

Reliance Industries (RIL) market capitalisation (market cap) surpassed the $100 billion mark, after its stock price soaring to a record high of Rs 1,090, up 5% on Thursday on the BSE in intra-day trade. It became the second Indian company to scale the milestone after TCS.

At 11:56 am; RIL market cap stood at Rs 6.88 trillion or $ 100 billion mark, the BSE data shows. The stock was quoting at Rs 1,088, up 4.9%. On comparison, the S&P BSE Sensex was up over 1%.

Earlier, Mukesh Ambani-led RIL broke the $100 billion barrier in 2007. Tata Consultancy Services (TCS),