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RIL now 51st most-valued firm in the world, among top 10 in Asia

The Jio operator is at 9th position in the Asian region, followed by Tencent, Kweichow Moutai, TSMC, Samsung, Industrial and Commercial Bank of China, Ping An, China Construction Bank and Toyota Motor.

July 14, 2020 / 07:20 AM IST

Mukesh Ambani (Image: Reuters)

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Todays L/H

Mukesh Ambani-led Reliance Industries is now the 51st most valued firm in terms of market capitalisation. The oil-telecom-to-retail major has crossed Rs 12 lakh crore in market value becoming the first listed Indian entity to achieve the feat.

On Monday, RIL's stock touched an intraday record high of Rs 1,947 and hit a market cap of Rs 12,34,282 crore. It settled at record closing high at Rs 1,939, up 3.22 percent on the BSE.

Saudi Arabia's Aramco topped the list with the market cap of $1,784 billion, followed by Apple ($1,663 billion), Microsoft Corporation ($1,620 billion), Amazon ($1,596 billion), Alphabet ($1,052 billion).

Among the list of top 50 companies, 34 companies are from the United States and 9 are from the Asian region.