India now has 2 companies with more than 100 billion market cap
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.