Reliance Industries has just entered in the list of Indian companies with more than 100 billion in market capitalization. RIL has actually re-entered in the 100 billion club, previously it entered in 2008.
TCS entered this club about 2 months back and still holds the spot of the largest company in India in terms of market capitalization.
The stock was trading up by 6% today.
The launch of Reliance Jio and the telecom arm turning profitable is one of the major reasons for this kind of growth in the company.
Image source – Bloomberg Quint.