How did RIL become the first Indian company to touch Rs 8 lakh crore market cap?

In a more Apple-esque way, RIL has become the first Indian company to attain Rs 8 trillion market cap. This is a great feat for the company whose shares, comparatively, has gained less than TCS in the last one year. TCS, the second on the list of the highest market cap, gained 63 percent rise in share price, while RIL shares have climbed only 60 percent. Currently, RIL is playing in the 8-trillions; TCS is at the bottom half of 7 trillion window.

This development was almost imminent given just how fast RIL has been expanding in recent times and how its shares have been climbing high, contributing big in Nifty’s 18 percent rise. If you look at it, RIL’s strategy has taken a big turn in the past couple of years. The company has become much more centric to the final consumers instead of being solely focusing on businesses and other intermediaries as was the case early. Reliance is growing by leap and bound in the retail market. It’s also expanding in the finance segment. All these have played a vital role in bringing it more revenue.

RIL’s closest competitor TCS has a long distance to cover. With Mukesh Ambani announcing that his company plans to grow double in size by 2025, it seems virtually impossible for the competitors like TCS, as well as HDFC Bank, Infosys, and ITC to catch up with RIL. So, don’t be shocked if Reliance also becomes the first Indian company to cross the market cap of Rs 10 trillion.