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Discussion :: Business - Latest Current Affairs (Q.No.51)

51. 

Which Indian company became the first Indian company to reach a market capitalisation of Rs 11 trillion?

[A]. Infosys
[B]. Reliance Industries Ltd
[C]. Indian Oil Corporation
[D]. Tata Power

Answer: Option B

Explanation:

Reliance Industries Ltd (RIL) became the first Indian company to reach a market capitalisation of Rs 11 trillion, as the company was valued at Rs 11.15 trillion. With this, RIL accounts for nearly 9% of the country's total m-cap of Rs 138 trillion. Its stock on Bombay stock exchange (BSE) was record high at Rs 1,738.95. Notably the company's share doubled since mid-March 2020.

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