Mukesh Ambani will become the ‘Super King’ of the stock market, new history will be made as soon as Jio is listed.

Mukesh Ambani’s Reliance Group was already the king in the stock market, now as soon as Jio is listed in the stock market, its status will become that of a super king. We are not saying this just like that. The valuation at which Jio will be listed in the stock market. It will automatically become the second most valued company of the country. This means that Jio will leave the big companies far behind. In such a situation, Jio will be the second most valued company after Mukesh Ambani’s Reliance Industries. Let us also give you detailed information about this.

Can become the second largest company in the country

After the IPO of Jio Platforms (JioP), the telecom and digital media company of Reliance Mukesh Ambani Group (RIL), the share of RIL Group in the total market capitalization of companies listed on BSE may increase from the current 4 percent to about 7 percent. Additionally, at the upper end of Jio Platforms’ estimated valuation range, RIL Group will own two of India’s largest companies by market cap, Reliance Industries (market cap Rs 17.7 lakh crore) and JioP (estimated market cap Rs 14 lakh crore). It will be followed by HDFC Bank, Bharti Airtel and ICICI Bank, whose market cap is Rs 12 trillion, Rs 11.6 trillion and Rs 9.7 trillion respectively.

Market cap will be Rs 32 lakh crore

The total market cap of these two companies of RIL group is expected to be around Rs 32 lakh crore. This will be almost equal to the current total market value of HDFC Bank, Bharti Airtel and ICICI Bank (Rs 33 lakh crore). Currently, the market cap of companies listed on BSE is around Rs 478 lakh crore. The market cap of Nifty 50 companies is Rs 194 lakh crore, which means that the market cap of RIL Group will be more than 16 percent of the market value of the benchmark index.

Elon Musk’s US market share

At the global level, Elon Musk’s Tesla and SpaceX together account for about 5 percent of the total market cap of US companies. After a stellar debut on Nasdaq on June 12, SpaceX has a market cap of $2.4 trillion, while Tesla’s is $1.3 trillion. According to Bloomberg data, the market cap of US listed companies is more than $77 trillion. At the international level, technology companies are taking the valuation of the entire market to record levels. For example, South Korea’s top companies by market value – Samsung Electronics and SK Hynix – account for nearly 50 percent of the country’s total market cap. In the case of Taiwan, chip maker TSMC contributes more than 40 percent of the country’s market cap.