Reliance Industries on Thursday became the first Indian company to hit Rs 8 lakh crore in market valuation after a neck and neck race with TCS.
RIL's shares surged nearly 37 per cent this year and the share prices rose 1.31 per cent. The share prices reached a record high today at Rs 1,262.50. It can be said that the performance today can be after the Telecom Regulatory Authority of India (Trai) showed Reliance Jio did a good job in adding subscribers.
According to TRAI, Reliance Jio added 9.71 million subscribers in just June taking the subscribers base past 215 million. RIL is currently investing in worldwide investments which can take its growth even higher.