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RIL becomes first Indian firm that hits m-cap of $200 bn; here is what top brokerages have to say

Silver Lake Partners' decision to invest in Reliance Retail is a sign of the beginning of another round of investments, say experts.

September 11, 2020 / 09:44 PM IST

The share price of Reliance Industries (RIL) closed 7.10 percent higher at Rs 2,314.65 on BSE on September 10.

The stock jumped 8.5 percent to hit its fresh all-time high of Rs 2,343.90 in intraday trade on BSE.

Reliance Industries became the first Indian company to hit a market cap of $200 Billion. In 2020, Reliance has gained a market cap of over $70 billion, while the second-placed TCS has gained less than $10 billion.

As of September 10 close, the company's shares have jumped over 54 percent on BSE against a 6 percent fall in the benchmark Sensex.