Index Membership and Market Capitalisation Significance
Reliance Industries Ltd, with a market capitalisation of approximately ₹19,53,411.89 crores, remains one of the largest and most influential stocks within the Nifty 50 index. Its inclusion in this benchmark index not only reflects its substantial market presence but also ensures that it is a focal point for passive and active fund managers tracking the index. The company’s market cap grade stands at 1, underscoring its status as a large-cap heavyweight.
As a member of the oil sector, Reliance’s performance often serves as a bellwether for the broader energy market in India. The company’s price-to-earnings (P/E) ratio currently sits at 23.47, notably higher than the oi...
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