Mukesh Ambani’s Reliance Industries Ltd has become India’s first individual company which has crossed the market capitalization of Rs 20 lakh crore. Reliance’s share prices have been continuously rising by 10.4% for the last month.
Reliance Industries Ltd works in energy, petrochemicals, telecommunications, natural gas, retail, mass media, and textiles. Mukesh Ambani’s Reliance Industries has been providing its services in the market for many years. But for some time now, there has been a lot of growth in the shares of Reliance.
Let us tell you that the shares of Mukesh Ambani’s Reliance Industries have shown a rise of about 14% since the beginning of the year 2024, due to which today Reliance has become the largest company in India, and has crossed the market cap of Rs 20 lakh crore. Is.
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Reliance shares have reached their high peak of Rs 2,957 in the stock market. The market capitalization of Reliance Industries was Rs 1 lakh crore in August 2005 which reached Rs 15 lakh crore in 2021. And this time the company has created a record by achieving a market cap of Rs 20 lakh crore in just 600 years.
Reliance Industries earns most of its profits from oil-to-chemicals businesses from high oil prices. Jio expects a growth of 15% CAGR in the coming three years after the 5G rollout. Jio’s market share is expected to reach 47% by the year 2025 with 500 million subscribers.
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Due to increasing e-commerce demand, Reliance’s retail business is also growing at a pace of 24% year-on-year. Reliance Industries is also thinking ahead regarding solar and battery capacity expansion. After the elections in India, the company is expected to get benefits in telecom tariff rates, the new energy sector, and 5G infrastructure build-out.
Due to the rollout of Jio’s 5G, the company’s capital expenditure has decreased by 22% in the third quarter and there has been a loss of Rs 30,100 crore, but now the company is expecting profit. Which company will be there in the future that will be able to give tough competition to Mukesh Ambani’s Reliance Industries Ltd (RIL) in terms of market capitalization?