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Reliance Comm hits $20-bn market cap
 
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December 01, 2006 14:59 IST
Anil Ambani group company Reliance Communications [Get Quote] on Friday a market capitalisation of $20 billion, in line with the rise in stock markets.

The RCL scrip gained more than 2 per cent to touch a lifetime high of Rs 438.80 in morning trade on the Bombay Stock Exchange, taking its market capitalisation to Rs 89,715.55 crore (Rs 897.15 billion).

A total of more than 25 lakh shares had changed hands on the bourses till mid-day Another group company Reliance Energy [Get Quote] rose 2.3 per cent to Rs 540 on the BSE.

The benchmark Sensex on Friday continued its upward march on BSE in early trade, gaining over 74 points at 13,770.24.


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