RPL joins the Rs1 lakh crore market-cap club

RPL joins the Rs1 lakh crore market-cap club
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First Published: Wed, Oct 31 2007. 04 45 PM IST
Updated: Wed, Oct 31 2007. 04 45 PM IST
PTI
Mumbai: A 5% surge in the share price of Reliance Petroleum on 31 October 2007 catapulted the Mukesh Ambani Group firm into the elite club of companies having market capitalization of more than Rs1,00,000 crore.
RPL scrip gained over 5.25% to close at Rs233.55, taking its market capitalization to Rs1,05,097 crore. RPL has joined the likes of Infosys, TCS, Reliance Communications, BHEL, State Bank of India, Larsen & Toubro, DLF and ICICI Bank among others.
Reliance Petroleum is the second company in the Mukesh Ambani Group to attain a market value of more than Rs1 lakh crore. Flagship Reliance Industries had a day earlier settled above Rs4 trillion mark in market-cap, making Mukesh Ambani the first Indian to head a group of companies with a valuation of over Rs5,00,000 crore.
Meanwhile, Reliance Industries today settled with a market-cap of Rs4,02,733 crore despite the scrip slipping 2% to close at Rs2,770.50 at BSE.
Reliance Industrial Infrastructure, another group firm today gained 0.70% to end with a market value of Rs4,605.20 crore.
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First Published: Wed, Oct 31 2007. 04 45 PM IST