In terms of market value Rs. Mukesh Ambani-led Reliance Industries (RIL) has become the first Indian company to cross the Rs 20 lakh crore milestone. The company achieved this feat as the stock gained 1.88% to touch a 52-week high of Rs 2,957.80 intraday on Tuesday. The stock ended trading at Rs 2,928.95 with a gain of 0.90%. The market value of the company was Rs 20.01 lakh crore during the intraday and was recorded at Rs 19.81 lakh crore at the close of trading. The stock has gained more than 14 percent so far this year. The stock is up 10.4% in January and 4% so far in February. Several brokerages gave positive ratings on the company and the market rally contributed to this. Within two weeks, the company's market value increased by Rs.1 lakh crore.

After Reliance Industries, TCS, HDFC Bank, ICICI Bank, Infosys, LIC, SBI, Bharti Airtel, HUL and ITC are the most valuable companies in the country.

Jefferies expects RIL's EBITA to grow 12% in 2024-25, with Jio contributing the lion's share on the back of tariff hikes. RIL's share target is Rs 3,140. Sharekhan suggests buying Reliance shares for long-term investment.