Mumbai: Corporate behemoth Reliance Industries Ltd, has crossed Rs 2 trillion-mark in market capitalisation on February 20, becoming the third company ever to reach this mark. The Mukesh Ambani-led firm witnessed a surge in its share price and its scrip touched a 52-week high of Rs 1,444.80, up Rs 26, in mid-session trade at Bombay Stock Exchange. “If one had invested Rs 1,000 in RIL’s first public issue in 1977, it is worth more than Rs 10.5 lakh today with over Rs 40,000 as dividend. The company is growing with a CAGR of 27 per cent,” an industry analyst said.
A total of 6.78 lakh equity shares had changed hands at the BSE in mid-day trade. ONGC had achieved Rs 2,00,000 crore level in market cap last year but has since fallen below the mark and is the second most valued firm. ONGC’s market cap stands at around Rs 1,89,000 crore.
IT major Wipro, which had crossed Rs 2,00,000 crore in the technology boom in 2000, has now slipped to the seventh rank in terms of market value. Wipro’s market cap stands at about Rs 96,989 crore. Telecom major Bharti Airtel is the third most valued firm at Rs 1,51,000 crore.
A total of eight companies have crossed Rs 1,00,000 crore-mark including IT majors Infosys and TCS, state-run NTPC and Anil Ambani group firm Reliance mmunications Ltd. RCoM recently crossed Rs 1 lakh crore market cap and is currently at the eight rank in the valuation list.