India\\\'s Rs 1t m-cap club now has 18 members

MUMBAI, Aug 23 (Business Standard): India Inc's coveted club of companies with market capitalisation (m-cap) of more than Rs 1 lakh crore now has 18 members. The current market rally, which has seen benchmark indices gain about 40 per cent in a year, has added five companies to the coveted club.

During the peak of the previous bull market in 2008, there were only 13 companies on this list.

In the past year, ICICI Bank, Sun Pharmaceutical, Larsen & Toubro, Tata Motors and HCL Technologies have joined the elite club.

Since May 16 this year, the day the results of the Lok Sabha elections were announced, only one company has found its way into the list-HCL Technologies.