Reliance Industries Limited (RIL), India’s most valuable company, witnessed a remarkable increase of ₹47,431 crore in its market capitalization this week, reaffirming its dominant position in the Indian equity market. The surge comes amid renewed investor confidence driven by strong performance in retail and telecom divisions, along with optimism around the conglomerate’s expanding clean energy portfolio.
According to stock exchange data, RIL’s shares climbed nearly 2.5% during the week, closing at ₹2,612 per share on Friday, pushing its total market capitalization to approximately ₹17.6 lakh crore. The gains also helped the company widen its lead over IT giant Tata Consultancy Services (TCS) in terms of market value.
Analysts attribute the rally to positive sentiment around Reliance Jio and Reliance Retail, both of which continue to post robust growth. Additionally, investors are anticipating key announcements in the new energy segment, where the company plans to ramp up production of green hydrogen and solar components.
“Reliance’s diversified growth engines across telecom, retail, and energy continue to deliver results, driving consistent market value appreciation,” said a report by Motilal Oswal Financial Services.
Meanwhile, the broader market also saw an upward trend, with several large-cap stocks recovering after a volatile October. However, Reliance emerged as one of the top wealth creators of the week, adding significant value for shareholders.
Market experts believe the company’s focus on digital transformation and sustainable energy will continue to fuel long-term growth, potentially taking its market capitalization closer to ₹18 lakh crore in the coming months.
