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RIL becomes 1st Indian firm with m-cap above Rs 6 lakh cr on closing basis

The stock settled the day at record high level of Rs 952

Reliance Industries
premium

RIL had acquired the shale assets in 2010 for $392 million

SI Reporter Mumbai
Reliance Industries, the most valuable firm on the bourses, has become the first Indian company to cross the Rs 6-lakh crore market capitalisation on the closing basis. 

On Wednesday, RIL settled the day at record high level of Rs 952, up 1.2% with a market cap of Rs 6.03-lakh crore. In intra-day trade, the stock hit a high of Rs 957 with a market cap of Rs 606,328 crore. 

By comparison, the benchmark S&P BSE Sensex closed 1.2% higher at 33,600 points. RIL touched an all-time high of Rs 958 on October 26, 2017, on intra-day basis.

Thus far in the calendar year