RIL market cap crosses ₹5 lakh crore

Claudine Rigal
Juillet 18, 2017

The highest gain for RIL stock on the day was 1.8%.

According to Motilal Oswal, mobile broadband industry remains steady which has been led by RJio with market share of 43%. The stock had hit a low of Rs 1,534.30 so far during the day.

SE, shares of the company went up by 1.1% to close at ₹1,551.75. Reliance Industries now trades at 15.9 times its 2018 earnings. The scrip had also outperformed the market in past one year, jumping 52.12% as against Sensex's 14.6% rise.

Reliance Industries market cap crosses Rs 5 lakh crore for the first time
RIL crosses Rs 5 lakh crore m-cap mark for first time

The market cap of the company stood at Rs 5,04,458.09 on BSE when the markets stopped trading on Monday. Face value per share is Rs 10.

Earlier April, Reliance Industries raised to propose its capital expenditure on Reliance Jio by Rs 18,000 crore in the current quarter, adding to the Rs 1.79 lakh crore that it had already put into the venture thus far. It is also in the process to launch optical fibre based home broadband services under the name of "Jio Fibre", and is now testing the network along with trial offers in major cities. It is also in the process to launch optical fibre based home broadband services under the name of "Jio Fibre", and is now testing the network along with trial offers in major cities. The company will be announcing Q1FY18 results on July 20, 2017 and will hold its annual general meeting A (GM) on July 21, 2017. On a consolidated basis, net profit of RIL rose 11.5% to Rs 8053 crore on 42.1% rise in net sales to Rs 84823 crore in Q4 March 2017 over Q4 March 2016. RIL's activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.

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