By Reliance Share: Breaking Another Record, Surpassing Rs. 20 Lakh Crore Market Cap Reliance Industries, the largest company in the Indian stock market, and owned by Mukesh Ambani, the wealthiest individual in India and Asia, has achieved a historic milestone by becoming the first Indian company with a market capitalization exceeding Rs. 20 lakh crore. This remarkable feat not only enriches Mukesh Ambani but also brings substantial gains to the company’s investors.
Almost two decades ago, Reliance Industries entered the league of Rs. 1 lakh crore companies. In 2005, it first achieved a market capitalization of Rs. 1 lakh crore. Fast forward to the present, and the company’s value has now soared beyond Rs. 20 lakh crore. Throughout this journey from Rs. 1 lakh crore to Rs. 20 lakh crore, Reliance Industries has delivered impressive returns, nearly 30 times, to its investors.
In today’s trading, Reliance shares experienced a marginal dip, trading near Rs. 2,945 with a 0.53% loss in the opening session. This minor decline led to a slight reduction in the company’s market capitalization from Rs. 20 lakh crore to Rs. 19.93 lakh crore. Nevertheless, just a day ago, the shares reached a 52-week high of Rs. 2,969.45, surpassing the Rs. 20 lakh crore mark.
Around two decades ago, a single share of Reliance Industries was priced at approximately Rs. 110. Since February 2005, the share price has witnessed an astounding increase of 2,600%, equivalent to a 27-fold rise. From July 2002 to the present, the stock has exhibited remarkable growth, surging nearly 5,500% or 56 times, with one share valued at a mere Rs. 53 during that period.
