Reliance Industries in 24 months can become the first Indian company to reach USD 200 billion market cap on the back of its new commerce venture and fixed broadband business, Bank of America Merrill Lynch said on Wednesday. In a report, the brokerage said the key drivers necessary for Reliance to breach USD 200 billion market cap in 24 months from current USD 122 billion market cap are new commerce initiative of empowering Kiranas in unorganised retail market by offering MPoS (mobile point-of-sale), entry into SME enterprise space with Microsoft, Jio’s fiber broadband business and digital initiatives like advertising.
