Current Affairs - Business - Discussion

Reliance Industries Ltd. (RIL) has become the first Indian company to cross the Rs. 6-lakh crore mark in market capitalisation as its share price touched a 52-week high of Rs. 974.5 on January 22, 2018. Market value of a company's outstanding shares is referred to as market capitalisation (m-cap). It is calculated by multiplying the current market price of company's share with total number of outstanding shares. With Rs. 971.2 share price, RIL's market cap stood at Rs. 615150 crore. In terms of market cap, RIL is followed by Tata Consultancy Services (TCS) having market capitalisation of Rs. 595946 crore and HDFC Bank at Rs. 508648 crore.