The first Indian company to have a market valuation of Rs 20 lakh crore is Reliance Industries Ltd

On Tuesday, Reliance Industries Ltd (RIL) attained a market capitalization of Rs 20 lakh crore, making it the first Indian business to do so. Amid solid optimism in the overall market, shares of the Mukesh Ambani-backed company also reached 52-week highs during intraday trading.

Reliance Industries shares surged 1.88% to reach a record high of Rs 2,957.80 each before closing at Rs 2,928.95 on the BSE.