Another new record has been registered in the name of Reliance Industries, the largest company of the Indian stock market. The company of Mukesh Ambani, the richest person in India and Asia, has become the first Indian company whose market cap has crossed Rs 20 lakh crore. In the journey to reach this amazing record, Reliance Industries has made Mukesh Ambani as well as its investors rich.
20 times value in 20 years
Lakh crore worth of rupees. Reliance Industries entered the club of companies about 20 years ago. For the first time, Reliance Industries had achieved MCAP of Rs 1 lakh crore in 2005. Currently the value of the company has crossed Rs 20 lakh crore. In this journey from value of Rs 1 lakh crore to Rs 20 lakh crore, Reliance Industries has given returns of almost 30 times to its investors.
The price reached close to Rs 3000
< p>Reliance shares are down a bit in today's trading. In the initial session, it was trading near Rs 2,945 with a loss of 0.53 percent. Due to today's slight fall, the mcap of the company has also come down slightly from Rs 20 lakh crore to Rs 19.93 lakh crore. However, a day earlier this share had reached a 52-week high level of Rs 2,969.45 and the mcap had crossed Rs 20 lakh crore.
One share was worth only Rs 53
Today. About 20 years ago, the price of one share of Reliance Industries was only around Rs 110. If we look at it this way, from February 2005 till now, the share price of Reliance Industries has increased by 2,600 percent. That means the share prices have increased 27 times. Since July 2002 till now, the stock has strengthened by about 5,500 percent i.e. 56 times. At that time, one share of Reliance Industries was worth only Rs 53.
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