InvestorQ : With the Reliance market cap crossing $150 billion, how much further upsides can we really expect from here?
Dia Deshpande made post

With the Reliance market cap crossing $150 billion, how much further upsides can we really expect from here?

Answer
user profile image
Ria Jain answered.
3 months ago


Reliance actually became the first Indian company to be valued at $150 billion. That translates into market cap of over Rs.11,00,000 crore. Reliance is today valued at more than giants in the oil industry like Total, Royal Dutch and British Petroleum. Of course, RIL lags Exxon and Saudi Aramco, but the stock has literally doubled in the last 60 days.

The latest boost to RIL shares came after it announced that it was on target to become free of net debt well in advance of its Mar-21 target date. Over the last few days, RIL is literally the sole heavyweight that holding the markets higher even as most other stocks have been lagging behind.