Reliance Industries set a new record in market capitalization on Thursday. The company’s capitalization crossed the one million crore mark for the first time. Increasing capitalization of the company has resulted in huge profits for not only Mukesh Ambani but also the investors.
Reliance’s IPO came in 1977. If you had invested 10 thousand rupees in the IPO of the company, then it would have been 2.1 crore now. In the last two years, the company’s shares have risen by 98 percent. In 2018, the company’s shares jumped nearly 39 percent. So far this year, there has been a jump of 40%. Let us tell you that in the last 42 years, Reliance stock has given a return of 2,09,900%.
TCS in second place
Tata Consultancy Services Ltd (TCS) is the second largest market capitalist in the country after RIL, with a market capitalization of Rs 7.81 lakh crore. After this, HDFC and Hindustan Unilever are ranked third and fourth respectively. In fifth place is HDFC.