Reliance Industries witnessed a market cap decrease of ₹24,479.68 crore, bringing its total market cap to ₹17,07,923.64 crore as of Friday’s close. The last traded share price on Friday was ₹1,283.75, reflecting a weekly decline of approximately 1.41% from Monday’s close of ₹1,302.15.
Reliance Industries Limited (RIL) is India’s largest company by market capitalisation and revenue. Headquartered in Mumbai, Reliance has a diversified presence across sectors such as energy, petrochemicals, textiles, retail, telecommunications, financial services, renewable energy, and media. The Mukesh Ambani-led company had a market capitalisation of nearly ₹16.62 lakh crore as of December 7, 2023.
The Fortune Global 500 company had a humble beginning in 1957 when Dhirubhai Ambani started a yarn trading business. Dhirubhai Ambani founded Reliance Textiles Industries in 1973. The company started its operations in textiles but soon diversified into other sectors such as petrochemicals and refining.
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