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December 2, 2020

The Chhattisgarh

Beyond The Region

Share market record fast, Reliance market capitalization crosses Rs 12 lakh crore

new Delhi – Mukesh Ambani’s Reliance Industries on Monday launched a new market capitalization of over Rs 12 lakh crore amidst an investment of over one lakh crore rupees in Jio platforms in the lockdown and making the Geomit App available to the public. In the stock markets, shares of the country’s largest company Reliance saw a record rise from the beginning of trading today. Reliance shares touched an all-time peak of Rs 1858 on the National Stock Exchange. The market capitalization of the company was estimated at Rs 12 lakh 16 thousand crore after the market closed. Till date, no company in the country has touched the market cap of 12 lakh crore. On Monday, the purchase of more than 16 million shares of Reliance was sold on the National Stock Exchange. The stock closed at Rs 1855, up 3.75 percent from Friday’s closing price. Market capitalization of Reliance stock 11. The share of partially paid shares worth Rs 76 lakh crore and Rs 957 added Rs 40442 crore to Rs 12.16 lakh crore ie $ 163.1 billion. On June 19, the company announced to become fully debt-free before the target. On the same day the market capitalization of the company crossed the 11 lakh crore mark. After that, the market capitalization of the company crossed Rs 11 to 12 lakh crore in just 11 trading sessions. Brokerage houses are also in favor of a rise in Reliance shares. Angel Broking gives Reliance Industries an accumulating rating and has set a target of Rs 1937. Reliance’s partially paid stock was also at its all-time high on Monday. The stock opened at Rs 896 and touched a high of Rs 958.70. Reliance paid partial share price at market close 952. 90 was Rs. Reliance Jio launched its video conferencing app Geomit on Thursday. At the same time, the 12th foreign investment in Reliance’s subsidiary Jio Platforms was announced on Friday. The stock of the company saw a sharp rise on Monday after the announcement of investment in Jio Platforms by the famous computer chip maker Intel. In the last two months, Reliance Group has raised about Rs 1.17 lakh crore by selling stake in Jio Platforms. The rights issue was also oversubscribed by the company and under this the company collected Rs 53,124.20 crore from the market. The company wants to use this amount to expand digital business and Geomart and reduce debt. In the last eleven weeks, the market capitalization of Reliance has increased by Rs 3.7 lakh crores. 17 lakh crore has been raised. The rights issue was also oversubscribed by the company and under this the company collected Rs 53,124.20 crore from the market. The company wants to use this amount to expand digital business and Geomart and reduce debt. In the last eleven weeks, the market capitalization of Reliance has increased by Rs 3.7 lakh crores. 17 lakh crore has been raised. The rights issue was also oversubscribed by the company and under this the company collected Rs 53,124.20 crore from the market. The company wants to use this amount to expand digital business and Geomart and reduce debt. In the last eleven weeks, the market capitalization of Reliance has increased by Rs 3.7 lakh crores.