Mukesh Ambani's Reliance Industries market valuation crosses Rs 14 lakh crore-mark

Reliance Industries Limited market valuation crossed Rs 14 lakh crore-mark on Friday as its stock rallied over 4 per cent to scale its fresh peak. The company's partly paid-up shares listed separately have a market capitalisation of Rs 53,821 crore. The combined market capitalisation of Reliance Industries now stands at Rs 14,07,854.41 crore. On Thursday, RIL broke into the list of top 50 most valued companies globally after crossing the 13 lakh crore market cap. 

The stock of the country's most valued firm, RIL jumped 4.32 per cent to a record high of Rs 2,149.70 on the BSE. This took its market valuation to Rs 13,54,033.41 crore in the late morning trade on the BSE.

On the NSE, shares of the oil-to-telecom conglomerate rose by 4.47 per cent to an all-time high of Rs 2,149.90. Shares of Reliance Industries had on Thursday also jumped nearly 3 per cent amid reports that Amazon was eyeing a stake in the conglomerate''s retail arm. The company's partly paid-up shares zoomed 9.99 per cent to Rs 1,299 on the BSE.

ReliancePP -- the partly paid-up shares issued in the recently concluded rights issue -- had listed on the stock exchanges on June 15, 2020.

While RIL is the country's most valuable listed company, the second-placed TCS has a market capitalisation of Rs 8,07,419.38 crore, followed by HDFC Bank at the third place with an m-cap of Rs 6,11,095.46 crore. The oil-to-telecom conglomerate, Reliance is now at the 48th position in the list of World's most valued companies. 

World's Most Valued Companies on basis of M-Cap

1. Saudi Aramco (M-Cap $1.7 trillion)
2. Apple
3. Microsoft
4. Amazon
5. Alphabet (Google's parent company)

RIL enters into list of World's 50 most valued companies

Reliance Industries Limited broke into 50 most valued companies in the world. Stock market data suggests that the company is now at 48th place. Reliance Industries is now worth Rs 13 lakh crore (181 billion US Dollars). No Indian company has reached this valuation.

Mukesh Ambani world's fifth richest person

Mukesh Ambani is now world 5th richest person. Ambani has overtaken billionaires like Elon Musk, Warren Buffett and Larry Page (Google Co-founder) and others to claim the 5th spot. Mukesh Ambani's net worth is 75.1 billion dollars. Amazon's Jeff Bezos remains the richest man in the world.