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Eight new firms join $1 bn club
Deepak Korgaonkar / Mumbai April 21, 2006
Hindustan Copper, BF Utilities, Unitech, Century Textiles, Kirloskar Brothers, Aban Lloyd Chiles, Balrampur Chini and Biocon have joined the $1 billion market cap club, taking the $ 1 billion membership to 112.
 
Three weeks back, on March 27, when Sensex closed at over 11,000 level, there were 104 members in the club.
 
These 112 companies collectively account for 76 per cent market capitalisation of the Bombay Stock Exchange (BSE). Oil and Natural Gas Corporation (ONGC), Reliance Industries, National Thermal Power Corporation (NTPC), TCS and Infosys Technologies have market-cap over $20 billion.
 
ONGC is at top of the list with a market-cap of $42.79 billion (Rs 1,92,394 crore). Reliance Industries comes second with a market-cap of $30.85 billion (Rs 1,38,689 crore). The company's market-cap appreciated by over $6.06 billion (Rs 27,985 crore) in last 16 trading days from $24.78 billion (Rs 1,10,705 crore) on March 27.
 
NTPC stood at third with a market-cap of $25.52 billion (Rs 1,14,736 crore), followed by TCS $21.64 billion (Rs 97,297 crore), Infosys Technologies $20.12 billion (Rs 90,452 crore),Wipro $17.61 billion (Rs 79,164 crore), Bharti Tele-Ventures $17.29 billion (Rs 77,753 crore) and ITC $16.78 billion (Rs 75,421 crore).
 
The club's membership is based on the rupee-dollar exchange rates at the end of each calendar year.
 
Thursday's market capitalisation was calculated on an exchange rate of Rs 44.96 per dollar.
 
Of the entire lot, 13 companies have market-cap of over $10 billion against seven in 2005 and three in 2004 - Oil and Natural Gas Corporation (ONGC), Reliance Industries and Indian Oil Corporation (IOC). In 2002, only ONGC had a total market-cap of $10.4 billion (Rs 49,876 crore).
 
A non-ferrous metal player Hindustan Copper tops the new entrant list with m-cap of $1.61 billion (Rs 7,239 crore) followed by BF Utilities $1.43 billion (Rs 6,445 crore), Unitech $1.19 billion (Rs 5,366 crore), Century Textiles $1.13 billion (Rs 5,079 crore) and Kirloskar Brothers $1.13 billion (Rs 5,078 crore).
 
The market-cap of Hindustan Zinc $7.58 billion (Rs 34,074 crore), NMDC $9.11 billion (Rs 40,970 crore), Sterlite Industries $6.74 billion (Rs 30,293 crore), Tata Steel $7.93 billion (Rs 35,658 crore) and Hindalco $5.56 billion (Rs 25,003 crore) have seen rise in their market cap in last 16 days.

 
 

Eight new firms join $1 bn club
SENSEX@12000
Deepak Korgaonkar / Mumbai Apr 21, 2006, 23:21 IST

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