Tag: market capitalization

Market capitalization of 8 of top-10 most valued companies soars Rs 1.21 lakh crore – Times of India

The combined market capitalization of eight out of the top-10 most valued companies increased Rs 1,21,270.83 crore last week, aligning with the outstanding rally in benchmark equity indices, with the BSE Sensex surging 1,027.54 points or 1.21 per cent. The benchmark hit its record high of 85,978.25 on Friday.
Reliance Industries emerging as the biggest gainer, in term of marker valuation after it registered an increase of Rs 53,652.92 crore, taking the total to Rs 20,65,197.60 crore followed by Bharti Airtel.
Bharti Airtel’s market valuation soared by Rs 13,094.52 crore to Rs 9,87,904.63 crore, while ITC’s valuation grew by Rs 9,927.3 crore to Rs 6,53,834.72 crore.
Tata Consultancy Services (TCS) market capitalisation (mcap) surge by Rs 8,592.96 crore to Rs 15,59,052 crore. HDFC Bank’s valuation climbed by Rs 8,581.64 crore to Rs 13,37,186.93 crore, and Life Insurance Corporation of India (LIC) witnessed an increase of Rs 8,443.87 crore to Rs 6,47,616.51 crore. Infosys’ mcap went up by Rs 459.05 crore to Rs 7,91,897.44 crore.
However, ICICI Bank’s market valuation tumbled by Rs 23,706.16 crore to Rs 9,20,520.72 crore, and Hindustan Unilever’s mcap declined by Rs 3,195.44 crore to Rs 6,96,888.77 crore.
In the ranking of the most valued firms, Reliance Industries retained the top spot, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC, and LIC.

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September 29, 2024
Ola Electric shares surge 90% post-debut to hit $7 billion value – Times of India

The rapid rise in Ola Electric Mobility Ltd. shares is vindicating the founder’s push to list the company despite initial skepticism over valuation.
The stock has surged nearly 90% in less than two weeks, bringing its market capitalization to over $7 billion. The company’s initial public offering was India’s biggest in two years and saw participation from across investor segments.
Bhavish Aggarwal, chairman an chief executive officer of Ola Electric Mobility Ltd., during the company’s listing ceremony at the National Stock Exchange (NSE) in Mumbai, India, on Friday, Aug.9, 2024. Ola Electric shares surged in their Mumbai debut on Friday, backed by strong investor demand amid growing adoption for electric vehicles in the country.
The jump has helped founder Bhavish Aggarwal achieve his target valuation much sooner than expected, buoyed by strong investor demand in India’s hot IPO market. The country’s biggest e-scooter maker went ahead with the offering at a lower value after facing investor pushback amid concerns over its profitability.
“There is a serious belief among investors in India’s electric vehicle story,” said Aishvarya Dadheech, chief investment officer at Mumbai-based Fident Asset Management Pvt. “The gush of domestic liquidity is driving investors to seek exposure to newer themes and investment ideas and the EV sector is one of the biggest beneficiaries.”
Ola’s stellar debut also comes on the back of a rally in India’s other new technology businesses. Shares of food delivery firm Zomato Ltd., India’s first unicorn to get listed, and insurance marketplace operator PB Fintech Ltd. have more than doubled this year and are top performers on a gauge of emerging markets consumer technology stocks.
“Many of these companies were loss-making at the time of their debuts but they were able to sustain investor interest only after prioritizing profitability, which is going to be important for Ola as well,” said Mohit Nigam, a fund manager with Hem Securities Ltd.
Backed by SoftBank Group Corp. and Tiger Global Management LLC, Ola reported that losses widened to 15.9 billion rupees ($189 million) for the financial year ended March 2024. Ola shares fluctuated between gains and losses in early Wednesday trading.

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August 21, 2024
Market Cap of BSE Companies Hits $5 Trillion for First Time, Top-10 Firms Reach $1 Trillion – News18

The market capitalisation of the top-10 companies currently stands at a little above $1 trillion or Rs 90.54 lakh crore.

All-India market capitalisation, including 5,391 listed companies, stands at $5 trillion or Rs 414.7 lakh crore, which is about $633 billion higher than that at the start of the year

Despite the markets witnessing volatility amid the ongoing Lok Sabha elections, the combined market value (market capitalization or mcap) of BSE-listed companies on May 21 hit the historic $5-trillion mark for the first time ever. Moreover, the top-10 listed companies also achieved a combined market cap of over $1 trillion.

This comes despite the BSE benchmark index remaining nearly 1.7 per cent below its all-time high.

According to the latest data available on the BSE’s website on May 21, the all-India market capitalisation, including 5,391 listed companies, stood at $5 trillion or Rs 414.7 lakh crore. This is about $633 billion higher than that at the start of the year.

According to the latest BSE data, the market capitalisation of the top-10 companies currently stands at a little above $1 trillion or Rs 90.54 lakh crore.

Company-wise, Reliance Industries Ltd (RIL) topped the companies in market capitalisation with Rs 19.42 lakh crore, followed by Tata Consultancy Services (TCS) with Rs 13.82 lakh crore, HFCD Bank (Rs 11.08 lakh crore), ICICI Bank (Rs 7.88 lakh crore), and Bharti Airtel (Rs 7.62 lakh crore).

State Bank of India (SBI) comes sixth with Rs 7.41 lakh crore, followed by LIC (Rs 6.46 lakh crore), Infosys (Rs 5.95 lakh crore), ITC (Rs 5.43 lakh crore), and Hindustan Unilever (Rs 5.42 lakh crore).

According to Moneycontrol, BSE’s total market capitalisation had hit $4 trillion in November 2023, and has now soared past $5 trillion in just six months. BSE-listed firms reached the market cap of $1 trillion back in May 2007, doubling in over a decade to $2 trillion in July 2017, and then reaching the $3 trillion mark in May 2021.

Currently, only four stock markets world over are in the $5-trillion-plus club, namely, USA, China, Japan and Hong Kong. The US leads with a market cap of almost $55.65 trillion, followed by China ($9.4 trillion), Japan ($6.42 trillion), and Hong Kong ($5.47 trillion).

Indian Stock Market Today

The BSE Sensex on Tuesday declined by nearly 53 points in a volatile trade amid weak trends from Asian and European markets and fresh foreign fund outflows. The 30-share Sensex declined 52.63 points or 0.07 per cent to settle at 73,953.31 as 18 of its constituents declined while 12 ended with gains. The index gyrated around 426 between a high of 74,189.19 and a low of 73,762.37 in day trade.

The broader Nifty of NSE, however, closed higher by 27.05 points or 0.12 per cent to 22,529.05, driven by gains in metal shares. As many as 27 Nifty shares declined while 23 closed with gains.

Among the Sensex components, Nestle, Maruti, IndusInd Bank, ICICI Bank, Hindustan Unilever, Larsen & Toubro, Tata Consultancy Services, Infosys, HDFC Bank and Axis Bank were the major laggards. Tata Steel, JSW Steel, Power Grid, Tech Mahindra and State Bank of India were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 92.95 crore on Saturday, according to exchange data. Global oil benchmark Brent crude declined 0.55 per cent to USD 83.25 a barrel.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi…Read More

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May 21, 2024
Equities Slip For 3rd Day In A Row; Sensex Down 18.82%, Nifty Below 17,830; Rupee Falls 9 Paise

Last Updated: February 21, 2023, 16:33 IST

The Sensex on Tuesday opened higher by about 80 points at 60,770.34, compared with the previous close of 60,691.54. (Reuters)

The BSE Sensex slips marginally by 18.82 points or 0.03 per cent to 60,672.72, while the NSE Nifty dropped by 17.9 points or 0.10 per cent to 17,826.70 points

The domestic equities market on Tuesday has witnessed a fall for the third consecutive session. The BSE Sensex slipped marginally by 18.82 points or 0.03 per cent to 60,672.72, while the NSE Nifty dropped by 17.9 points or 0.10 per cent to 17,826.70 points. The rupee has weakened by 9 paise to close at 82.82 (provisional) against the dollar.

The Sensex on Tuesday opened higher by about 80 points at 60,770.34, compared with the previous close of 60,691.54. During the day, the BSE benchmark index touched a high of 60,976.59 and a low of 60,583.72, before finally closing about 18.82 per cent down at 60,672.72.

Among the top gainers were NTPC, which rose 3.22 per cent, followed by PowerGrid (0.93 per cent), Reliance Industries (0.79 per cent), Tata Steel (0.76 per cent), and HDFC (0.48 per cent). The top laggards were Tata Motors (down 1.42 per cent), followed by Sun Pharma (-1.4 per cent), UltraTech Cement (-1.12 per cent), TCS (-1.05 per cent), and Wipro (-1.03 per cent).

Vinod Nair, head of (research) at Geojit Financial Services, said, “Despite opening gains, negative cues from global peers cast a shadow over investor sentiments. Underpinned by inflationary concerns, the market is keenly eyeing the US fed meeting minutes, scheduled to be released tomorrow, for hints on further monetary policy tightening. Risk appetite was further hammered by FIIs turning net sellers and fear of El Niño.”

The rupee on Tuesday also weakened 9 paise to close at 82.82 (provisional) against the dollar.

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Mohammad Haris

Haris is a business journalist with over eight years of experience. He writes on various issues related to markets, economy and companies.…Read More

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February 21, 2023
Sensex Rises 86.35 Points To 60,777.85, Nifty Above 17,870; Rupee Weakens 3 Paise

Edited By: Mohammad Haris

Last Updated: February 21, 2023, 09:59 IST

On the 30-share Sensex, NTPC was the top gainer with a 1.88 per cent jump, followed by M&M (1.15 per cent), Tata Steel (1.07 per cent), HUL (0.9 per cent), Bharti Airtel (0.81 per cent).

Experts say the market will continue to trade in a broad range of 17,750-18,150 since there are no triggers for a breakout or a breakdown crossing the upper or lower limit

The BSE Sensex rose 86.35 points or 0.14 per cent to 60,777.85 in the opening trade on Tuesday, while the NSE Nifty was up by 29.80 points or 0.17 per cent to 17,874.4. The rupee has, however, fallen 3 paise to 82.76 against the US dollar in the early trade.

On the 30-share Sensex, NTPC was the top gainer with a 1.88 per cent jump, followed by M&M (1.15 per cent), Tata Steel (1.07 per cent), HUL (0.9 per cent), Bharti Airtel (0.81 per cent). Among the top laggerds were Axis Bank (-0.78 per cent), ICICI Bank (-0.55 per cent), Maruti (-0.49 per cent), Tech Mahindra (-0.40 per cent), and Titan (-0.39 per cent).

Among the 30 shares on the Sensex, 13 scrips saw advances, while 17 witnessed declined.

V K Vijayakumar, chief investment strategist at Geojit Financial Services, said, “The market will continue to trade in a broad range of 17,750-18,150 (Nifty) since there are no triggers for a breakout or a breakdown crossing the upper or lower limit. At lower levels DIIs and retail investors will turn buyers and at higher levels FIIs will turn sellers. Trading opportunities are limited. But long-term investors can utilise the weakness in the market to buy high quality stocks in performing sectors.”

He added that autos is a segment to watch since this segment is coming out of a 5-year downturn and its prospects look good, particularly in the premium segment. Reports of very low hiring and retrenchment in the IT sector may impact sentiments in this space even though some mid caps like Persistent Systems are doing exceedingly well. Rising deposit costs are feared to impact the margins of banks even though credit growth continues to be strong. Top names in banking are good buys on declines.

On Monday, the BSE Sensex had declined 311.03 points or 0.51 per cent to close at 60,691.54, which was the fall for the second consecutive session. The NSE Nifty also slipped by 99.6 points or 0.56 per cent to end at 17,844.6 points. The rupee, however, had gained 9 paise to close at 82.73 (provisional) against the US dollar.

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February 21, 2023