RIL 57th most valuable firm globally by market-cap; Saudi Aramco tops chart

Following stellar gains in its share price, RIL became the first Indian firm to achieve the milestone of crossing Rs 11 trillion market valuation mark on Friday

Reliance Industries (RIL) became the first Indian company to be valued at $150 billion on Monday with the stock hitting a fresh all-time high of Rs 1,804 on the BSE. Over the past three months, the RIL stock has doubled – from a low of Rs 883.85 hit on March 23 as compared to a 35 per cent rise in the S&P BSE Sensex.

The up move in RIL has been triggered by a series of investments in its telecom business vertical – Reliance Platforms – by marquee global companies and investors that include Facebook, Silver Lake Partners, KKR, General Atlantic,