RIL becomes first Indian firm to hit Rs 9 trn m-cap; stock up 27% in CY19

Reliance Industries (RIL), the oil-to-telecom behemoth, on Friday hit another milestone as the market capitalisation (m-cap) of the company breached the coveted Rs 9 trillion-mark, the first by any Indian company. 

The stock hit a high of Rs 1,428 during the session. At close, shares of the company stood at Rs 1,415.30 apiece on the BSE, up 1.37 per cent. The m-cap stood at Rs 8,97,179.47 crore.

The Mukesh Ambani-led company is slated to release its September quarter results later in the day where it is expected to report a strong quarter for the July-September period. Analysts expect refining to offset weakness