The National Stock Exchange has retained its position as India's most valuable unlisted company with a valuation of Rs 4.86 lakh crore, according to the latest 2025 Burgundy Private Hurun India 500 report.
The country's largest stock exchange continued to lead the ranking of unlisted firms, ahead of vaccine maker Serum Institute of India and real estate player Adani Properties, highlighting investor confidence in the bourse's business model and growth prospects.
The Hurun report, by Burgundy Private, Axis Bank's Private Banking Business, and Hurun India, which ranks India's 500 most valuable non-state-run companies, said several consumer, fintech and renewable energy firms also featured prominently among the country's most valuable unlisted businesses.
Snack maker Haldiram, fintech company Razorpay and renewable energy firm Greenko were among the notable unlisted companies that secured a place in the ranking.
The strong showing by unlisted firms comes at a time when investors are .

National stock exchange, NSE

NSE retained its crown as India's most valuable unlisted company at ₹4.86 lakh crore, ahead of its proposed record-breaking IPO

Press Trust of India

The telecom major added ₹7.64 trn in value over 5 years, while TCS, Infosys and Wipro together lost ₹8.5 trn, according to the Burgundy Private Hurun India 500 report

bharti airtel

Business Standard

Indian IT firms hit their lowest Nifty 50 weight in over two decades as AI disruption fears and a sector-wide selloff erode market influence

IT weighting in Nifty drops to record low amid prolonged sector selloff

Small- and mid-cap fund SIP returns have rebounded sharply, raising hopes of renewed retail investor interest after a moderation in key MF growth indicators

funds, mutual fund, investors

Morgan Stanley initiated coverage on Adani Enterprises with an 'Overweight' rating. It has assigned a target price of ₹3,638 on the stock.

Adani Enterprises share price target

Top monthly stock picks by Motilal Oswal Wealth Management Research Desk: Analysts are bullish on Reliance, Bharat Electronics, ACME Solar, Delhivery, Gokaldas Exports and Lenskart.

Motilal Oswal Wealth Management Research Desk recommends 2 stocks each from large-cap, mid-cap and small-cap space in their monthly picks.

Private banking and select IT stocks led market pullback on Wednesday as lower oil prices, and hopes of India-US trade deal lifted sentiment.

Lower crude oil prices, hopes of India-US trade deal among key reasons for market rally on Wednesday.

Ban stocks are in the spotlight today as the RBI allowed domestic lenders to extend loans to non-residents against foreign currency ​deposits, including via their offshore branches.

Nifty Bank index up 2%

According to CRISIL, NBFC AUM is expected to grow at a mid-teen rate through FY27, potentially surpassing ₹50 trillion.

RBI, NBFC norms, equity markets, corporate participation, unregistered NBFCs, capital markets, RBI Act, listed equities

Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap settled 0.10 per cent and 0.39 per cent higher, respectively

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