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Which Indian firm became the first Indian company to cross Rs. 6-lakh crore mark in market capitalisation?
  • a)
    Tata Motors
  • b)
    Reliance Industries Ltd
  • c)
    Godrej Ltd
  • d)
    Adani Group of Companies
  • e)
    ABG Shipyard
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which Indian firm became the first Indian company to cross Rs. 6-lakh ...
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. During January 22, 2018 (Monday) trading session, RIL share price shot up on account of strong FY 2017-18 Third Quarter earnings that were announced after market hours on January 19, 2018 (Frday). 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.
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Which Indian firm became the first Indian company to cross Rs. 6-lakh ...
B
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Which Indian firm became the first Indian company to cross Rs. 6-lakh crore mark in market capitalisation?a)Tata Motorsb)Reliance Industries Ltdc)Godrej Ltdd)Adani Group of Companiese)ABG ShipyardCorrect answer is option 'B'. Can you explain this answer?
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