UltraTech Cement, Asian Paints join Rs 1 lakh crore m-cap club

The number of companies having m-cap of over Rs 1-lakh crore has increased to 24, with the addition of these two companies.

UltraTech Cement and Asian Paints have entered the elite league of corporate entities with a market value of over Rs 1 lakh crore, after a surge in their stock prices. Both stocks ended at their respective all-time closing highs on the BSE.

With the addition of these two firms the number of companies with market capitalisation (m-cap) of over Rs 1-lakh crore has increased to 24 currently.

Asian Paints with m-cap of Rs 1.02 lakh crore stands at number 23 in the overall ranking on the BSE, while UltraTech Cement with Rs 1 lakh crore stands at 24.

On February 29, when the S&P BSE Sensex and Nifty 50 index touched a 52-week low, there were 17 companies in the league.

Since January 29, 2015, the day indices hit a record highs, Indian Oil Corporation (IOC) has also joined the elite league.

In contrast, at the peak of the previous bull market in 2008, there were 13 companies in this list. Of these, the m-cap of six companies – DLF, MMTC, NMDC, Reliance Communications, Bharat Heavy Electricals (BHEL) and Steel Authority of India (SAIL) – are below Rs 1 lakh crore currently.

Since January, these three stocks – IOC (up 54 per cent), Asian Paints (21 per cent) and UltraTech Cement (16 per cent) – have outperformed the market and rallied around 15 per cent each as compared to a five per cent decline in the Sensex. The Sensex closed at 28,095 on Monday and is 1,587 points away from its all-time closing high of 29,682.

In past week, after the results for the quarter ended June were announced the stock of UltraTech Cement has outperformed the market by gaining 4.4 per cent against a one per cent rise in the benchmark index.

	Price on BSE in Rs		M-cap in Rs crore
Name	25/07/2016	% chg	25/07/2016	Chg
TCS	2551.55	0.40	502,765	4,983
Reliance Inds.	1020.65	10.00	330,940	30,731
HDFC Bank	1246.55	13.91	315,594	50,907
ITC	251.30	1.96	303,339	7,583
Infosys	1080.50	0.84	248,185	2,079
H D F C	1380.00	5.38	218,173	12,259
Coal India	332.90	-11.26	210,272	-26,687
Hindustan Unilever	906.80	-3.53	196,254	-7,079
ONGC	226.70	-35.57	193,953	-107,072
Sun Pharma	802.50	-12.70	193,137	2,761
SBI	229.85	-29.66	178,427	-65,515
Tata Motors	508.90	-13.92	163,746	-15,072
ICICI Bank	269.15	-29.16	156,562	-63,523
Bharti Airtel	370.30	-1.29	148,024	-1,939
Larsen & Toubro	1585.45	-7.79	147,765	-11,932
Kotak Mahindra Bank	764.95	15.02	140,378	37,734
Maruti Suzuki	4550.60	23.42	137,465	26,082
Wipro	542.40	-9.83	134,011	-14,499
Indian Oil	536.75	54.17	130,320	45,791
NTPC	157.15	10.79	129,577	12,616
Axis Bank	538.30	-10.16	128,479	-13,166
HCL Technologies	737.90	-10.33	104,100	-11,511
Asian Paints	1068.85	21.32	102,524	18,014
UltraTech Cement	3671.95	16.40	100,772	14,209
*% Chg, Chg over January 29, 2015