â¹1,000 invested in Reliance stock in 1977 now worth â¹16 lakh
Reliance Industries Chairman Mukesh Ambani, while speaking at the company's 40th annual general meeting, said that â¹1,000 invested in Reliance shares in 1977 is today worth over â¹16.5 lakh. This means that the company's stock is now over 1,600 times more valuable. Notably, the company's market cap has grown from â¹10 crore in 1977 to over â¹5 lakh crore now.