Reliance becomes first company to cross Rs 21 trillion m-cap mount

MUMBAI: The billionaire Mukesh Ambani-run Reliance Industries has become the first company to cross the Rs 21-trillion market capitalization mark boosted by the tariff hike announced by its unlisted telecom arm Jio Infocomm and also the overall bullish market that has seen the indices setting new records this week, barring today.

At the end of the trade on Friday, Reliance, which for decades has been the most valuable company, closed at a market cap of Rs 2,119,009.71 crore or Rs 21.19 trillion. The stock rallied to 52-week high of Rs 3,161.45 when the market was also at new peak but closed a tad lower at Rs 3,131.85 or 2.31 percent over the previous close on the BSE.