Reliance Industries Ltd. has become the first Indian company to achieve a market capitalization of Rs 21 lakh crore, driven by a stock surge of over 20% this year. The stock hit a record Rs 3,129 per share after Reliance Jio Infocomm announced new unlimited plans effective July 3. Jefferies raised Reliance's price target to Rs 3,580, predicting a 17% upside, while Morgan Stanley maintained an 'Overweight' rating with a Rs 3,046 target. Both brokerages expect significant growth in Jio's revenue and profit through FY27.