Reliance Share Price Skyrocketed Last Week! 🚀💰
Last week proved to be quite profitable for investors in the stock market. Among the top 10 valuable companies on the BSE Sensex, nine saw rapid growth in market capitalization, resulting in hefty profits for their shareholders. Leading the pack was Reliance Industries, under the leadership of Mukesh Ambani, which saw earnings of over ₹60,000 crores in just five days.
Reliance Industries Limited, HDFC Bank, LIC, and TCS were among the top 10 companies on the Sensex. However, in terms of earnings, Reliance outperformed all others. The company’s shares saw such rapid growth that market value crossed the ₹20 lakh crore mark once again. The company’s market cap reached ₹20,02,509.35 crores, increasing investors’ wealth by a whopping ₹61,398 crores in just five days.
On Monday (27th May 2024), the share price of Reliance was trading at ₹2,950 with a 0.34% decline. Following Reliance, HDFC Bank was the second-highest earner, with its market cap increasing to ₹11,53,129.36 crores. LIC, the country’s largest insurance company, held the third position with a market capitalization of ₹6,51,348.26 crores, resulting in a profit of ₹35,135.36 crores for investors.
After the market capitalization surged, Mukesh Ambani’s Reliance dominated the list of leading companies on the Sensex. Following Reliance were TCS, HDFC Bank, ICICI Bank, Bharti Airtel, SBI, LIC, Infosys, Hindustan Unilever, and ITC.
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