RIL became the 1st Indian company to cross the Rs.9 lakh crore of mcap - Sarkari Naukri Sms

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Saturday, October 19, 2019

RIL became the 1st Indian company to cross the Rs.9 lakh crore of mcap

Mukesh Ambani-led Reliance Industries Limited (RIL) became the first Indian company to cross the Rs.9 lakh crore of market capitalization (m-cap). It is followed by Tata Consultancy Services (TCS) with a market capitalization of Rs.7,69,483 crore as its shares were trading up 1% at Rs.2050.70. Bank of America Merrill Lynch said that RIL could become India'sIndia's first company to hit $200 billion market capitalization in the next 24 months. RIL aims to double the revenue on retail and telecom segments by 2025. According to Shares of RIL were trading up 1.76% at Rs.1,420.75 in a firm Mumbai market. It valued RIL at Rs.9,00,666 crore, anticipating double-digit growth in profitability. The company has a 15% growth in profitability due to superior refining margins and corporate tax rate cut announced by the government. RIL's previous record: In August 2018, RIL became the first company to reach the Rs.8 lakh crore mark. RIL was also the first company to hit the $100 billion mark in market-cap in 2007.  Market-Cap: Market cap (market capitalization) is the total value of all a company's shares of stock. It can be calculated by multiplying the price of a stock and the total number of outstanding shares.

from Current Affairs 2019 for Competitive Exams Current Affairs Today Mukesh Ambani-led Reliance Industries Limited (RIL) became the first Indian company to cross the Rs.9 lakh crore of market capitalization (m-cap). It is followed by Tata Consultancy Services (TCS) with a market capitalization of Rs.7,69,483 crore as its shares were trading up 1% at Rs.2050.70. Bank of America Merrill Lynch said that RIL could become India'sIndia's first company to hit $200 billion market capitalization in the next 24 months. RIL aims to double the revenue on retail and telecom segments by 2025. According to Shares of RIL were trading up 1.76% at Rs.1,420.75 in a firm Mumbai market. It valued RIL at Rs.9,00,666 crore, anticipating double-digit growth in profitability. The company has a 15% growth in profitability due to superior refining margins and corporate tax rate cut announced by the government. RIL's previous record: In August 2018, RIL became the first company to reach the Rs.8 lakh crore mark. RIL was also the first company to hit the $100 billion mark in market-cap in 2007.  Market-Cap: Market cap (market capitalization) is the total value of all a company's shares of stock. It can be calculated by multiplying the price of a stock and the total number of outstanding shares. https://ift.tt/32udFEv

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