Question: Name the company, which has recently became the first Indian company with a market cap of over Rs 10 lakh crore?
(a) Reliance Industries Limited (RIL)
(b) Hindustan Unilever
(c) Tata Consultancy Services (TCS)
(d) Kotak Mahindra Bank
Answer: (a)
Related facts:
- On 28 November, 2019; the Reliance Industries became the first Indian company with a market cap of over Rs 10 lakh crore.
- RIL’s shares continued the record-breaking run that has made it the world’s top-performing major energy stock in 2019.
- RIL, India’s most valuable company, now has overtaken Petro China to enter the top five clubs of global energy giants (by M-cap).
- It is now the world’s 67th most valuable stock and has risen 41 per cent this year. At the end of trade on 28th November, 2019 RIL’s market cap stood at $139.69 billion compared with Petro China’s $139.32 billion.
- RIL’s contribution to India’s total M-cap is now at a decade high of 6.5 per cent.
- In May 2009, the figure had touched 8.62 per cent.
- The Mukesh Ambani Company has contributed one-third of the total Nifty gains so far in 2019, and outperformed the benchmark index by 30 per cent.