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Reliance Industries Market Cap: The market value of Reliance Industries, the largest private sector company, crossed Rs 19 lakh crore on Wednesday. Mukesh Ambani’s Reliance Industries is the first Indian company to achieve this feat.

19 lakh crore market cap

Reliance Industries shares opened with a fall of Rs 20 due to the fall in the stock market. But later the stock was bought again and the stock reached Rs 2826. During this period, Reliance Industries invested Rs. It has become the first company in the country to cross the historic level of market capitalization of Rs 19 lakh crore. Reliance Industries shares have been rising for the last seven trading sessions and in the meantime the company’s stock has gained 11 percent. The stock has gained 25 per cent since March.

According to stock market experts, a record increase in Singapore GRM (gross refining margin) has led to a rise in the shares of Reliance Industries. Brokerage and research firm Jefferies has said in its report that the shares of Reliance Industries can go up to Rs 3,400.

Earlier, analysts of Goldman Sachs had said in a report that the shares of Reliance Industries could touch new heights. Analysts at Goldman Sachs said in a note that the stock of Reliance Industries could reach 83 per cent from its current levels. In the base case, the company’s stock can go up by 35 percent to Rs 3,185.

 

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