RIL m-cap inches closer to 10 lakh crore

New Delhi: The market valuation of Reliance Industries, the country's most valued firm, is fast nearing the Rs 10 lakh crore mark helped by continuous rise in its share price.

At the close of trade on Wednesday, the company's stock rose 2.47 per cent to Rs 1,547.05 on the BSE. During the day, it jumped 4.10 per cent to Rs 1,571.85 - its record high. On the NSE, it climbed 2.56 per cent to close at Rs 1,548.50.

The rally in the company's scrip helped its market valuation or market capitalisation (m-cap) rise to Rs 9,80,699.59 crore. During the day, it zoomed to Rs 9,96,415 crore. Billionaire Mukesh Ambani's Reliance Jio on Tuesday said it will increase mobile phone call and data charges in the next few weeks in compliance with rules

In terms of traded volume, 11.40 lakh shares of the company were traded on the BSE and 1.98 crore shares on the NSE during the day. TCS is the country's second most valued firm with a market valuation of Rs 7,91,002.70 crore.