ril midcap hits 19laks crore: Reliance stock reaches Rs 19 lakh crore !. The highest level ever; – ril m-cap hits rs 19 lakh crore as stock surges to all-time high

Reliance Industries (RIL) is the first mid-cap Indian company to reach a market capitalization of Rs 19 lakh crore. 2,827.10. This is its new all-time hike. Yesterday, the scrip was Rs 2,775.70. At its peak, the oil-to-telecom market capitalization was Rs 19,03,658.88 crore. The free-float market cap was Rs 9,70,866.03 crore.

With this rise, Mukesh Ambani-led Reliance has overtaken Chinese lender ICPC, US beverage maker PepsiCo, Japanese auto behemoth Toyota and media company Disney. Reliance has a total midcap of $ 248 billion. It still lags behind Bank of America, Coca-Cola, Pfizer, Abivi, Eli Lily, Novo Nordisk, Costco and the BHP Group, which have $ 250-300 billion in midcap.

Reliance Industries and Abu Dhabi Chemicals Derivatives RSC (TA’ZIZ) yesterday signed a formal partner agreement for the TA’ZIZ EDC and PVC project. The joint venture will develop and operate chloro-alkali, ethylene dichloride (EDC) and polyvinyl chloride (PVC) production facilities with a total investment of over $ 2 billion.

Recently, according to data released by TRAI. Reliance Jio, the telecom company of Mukesh Ambani-led Reliance Industries, is ahead of Bharti Airtel.