July 12, 2018 / 7:17 AM / 4 months ago

CORRECTED-BUZZ-India's Reliance Industries hits $100 bln in market cap

(Corrects first bullet to say Reliance hit $100 bln mkt cap for second time, not second company to do so; also corrects figure in third bullet to $100 billion from billion)

** Reliance Industries Ltd hits $100 bln in market capitalisation for a second time

** Country’s biggest software services exporter Tata Consultancy Services Ltd became the first Indian tech company to hit the $100 bln mark in April

** Reliance, the energy-to-telecoms conglomerate led by India’s richest man Mukesh Ambani, had earlier breached the $100 billion mark way back in 2007

** Shares of Reliance Industries rise as much as 5.12 pct to its all-time high of 1,092 rupees

** Stock posts biggest intraday pct gain since March 31, 2017

** Out of the 38 analysts covering Reliance, 28 have a “buy” or higher rating, 5 “hold” and the remaining 5 at “sell” or lower rating

** Reliance has risen 12.8 pct this year up to Wednesday’s close versus a gain of 46.6 percent for TCS

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