Currently, India is ranked fifth and is inching towards the fourth position which is currently held by the United Kingdom with 351 companies.
More than two dozen companies have joined India’s billion-dollar market cap club in the last two months.
Indian companies into the billion-dollar market cap club. The number of domestic companies whose market value has exceeded a billion dollars has touched an all-time high of 335, exceeding that of countries like Germany, France, Canada or South Korea.
Currently, India is ranked fifth and is inching towards the fourth position which is currently held by the United Kingdom with 351 companies.
India is the second-best performer among the top 20 countries so far in 2021 after Hong Kong, and has added $246 billion in market capitalisaion, taking its total market capitalisation to $2.77 trillion.
More than two dozen companies including Hindustan Copper, Bajaj Electricals, IIFL Finance, Shriram City, BASF, NBCC, India Energy Exchange, IDFC along with newly-listed Indian Railway Finance Corporation and Indigo Paints have joined India’s billion-dollar market cap club in the last two months due to the surge in the stock market.
Currently, there are 56 companies that are trading above $10 billion in market capitalisation and three companies — Reliance Industries, Tata Consultancy and HDFC Bank — are trading above $100 billion market capitalisation.
Get Unlimited Access to The Economic Times
