Page 13 - Market Capitalisation

M-cap of 7 of top-10 valued firms erode by Rs 1 trn, SBI biggest laggard

The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,09,947.86 crore last week, with State Bank of India taking the biggest hit, in-tandem with weak trend in equities. Last week, the BSE benchmark fell by 438.95 points or 0.66 per cent. From the top-10 pack, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS), HDFC Bank and Infosys witnessed addition in their market valuation. The valuation of State Bank of India tumbled Rs 38,197.34 crore to Rs 5,11,603.38 crore. Shares of State Bank of India on Friday fell by nearly 3 per cent after the company's first quarter earnings failed to cheer investors. The market capitalisation (mcap) of ICICI Bank eroded by Rs 17,201.84 crore to Rs 6,79,293.90 crore. ITC's valuation tanked Rs 16,846.18 crore to Rs 5,66,886.01 crore and that of Bajaj Finance fell by Rs 14,366.34 crore to Rs 4,32,932.18 ...

Torrent Group capitalisation tops Rs 1 trn fuelled by acquisitions, EV push

India's leading diversified business conglomerate Torrent Group has crossed Rs 1 lakh crore market capitalisation as it's power units EV push and pharma company's recent acquisitions fuelled a rally in stocks. The combined market capitalisation of its two listed group companies - Torrent Pharmaceuticals Ltd and Torrent Power Ltd crossed the Rs 1 lakh crore mark in trading on Monday, according to stock exchange information. Torrent Pharmaceuticals shares hit an intra-day high of Rs 2,014.8 before closing at Rs 2,010 on the NSE. This gave it a market capitalisation of over Rs 68,000 crore. The shares of Torrent Power hit an intraday high of Rs 682 before closing at Rs 678.20, giving it a market capitalisation of Rs about Rs 32,600 crore. The combined market capitalisation of the Group now stands at Rs 1,00,600 crore. The Group's valuation hit Rs 50,000 crore in February 2020. This shows 2x growth in market capitalisation in the past three years - driven by robust financial performan

TCS reclaims title of 2nd most valued firm by mcap; HDFC Bank 3rd place

Largest IT services company Tata Consultancy Services (TCS) jumped to the second spot in the list of most valued firms by market valuation, overtaking HDFC Bank. At the close of trade on Monday, TCS commanded a market capitalisation (mcap) of Rs 12,51,798.07 crore which was Rs 6,049.69 crore more than HDFC Bank's Rs 12,45,748.38 crore valuation on the BSE. Shares of TCS jumped 1.96 per cent to settle at Rs 3,421.10 apiece on the BSE. During the day, it climbed 2.10 per cent to Rs 3,426. However, HDFC Bank ended flat at Rs 1,651.10 per share, marginally up by 0.38 per cent. On July 20, HDFC Bank became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services. HDFC, the parent of HDFC Bank, merged into the lender on July 1. The USD 40 billion merger, the largest such deal in the Indian corporate history, was driven by a changing regulatory landscape, which limited the advantages for HDFC continuing as a non-bank lending entity. Re

M-cap of 7 of top-10 valued firms falls by Rs 77,434.98 cr, ITC takes hit

The combined market valuation of seven of the top-10 most valued firms fell by Rs 77,434.98 crore last week, with ITC and HDFC Bank taking the biggest hit, in-line with a muted trend in equities. Last week, the BSE benchmark fell by 524.06 points or 0.78 per cent. While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC and Bajaj Finance Limited were the main laggards in the top-10 pack, Infosys, State Bank of India and Bharti Airtel made gains in their market capitalisation (mcap). The valuation of ITC fell by Rs 26,192.05 crore to Rs 5,83,732.19 crore. HDFC Bank's mcap declined by Rs 22,747.89 crore to Rs 12,40,322.63 crore and that of Bajaj Finance plunged Rs 12,127.47 crore to Rs 4,47,298.52 crore. The market valuation of Reliance Industries tumbled Rs 5,818.43 crore to Rs 17,10,076.74 crore and that of TCS went lower by Rs 5,214.15 crore to Rs 12,27,739.80 crore. Hindustan Unilever's valuation eroded by Rs 4,417.23 crore to R

Despite lower Q1 bookings, DLF on course to hit FY24 sales target

The company maintained its pre-sales guidance of Rs 12,000 crore to Rs 13,000 crore, riding on 11.2 million square feet of launches

ITC loses over Rs 50,000 cr m-cap in 2 days on hotel biz de-merger plan

The m-cap of ITC eroded by Rs 54,350 crore to Rs 5.68 trillion in Tuesday's intra-day deal

After record rally this year, earnings test for the market optimism

Sample this: In June 2022, the aggregate profit pool for the top 600 companies was projected to touch Rs. 13.2 trillion for the ongoing financial year 2023-24 (FY24)

M-cap of 5 of top-10 valued firms at Rs 4.23 trn with major share from HDFC

Five of the top-10 most valued firms together added Rs 4,23,014.4 crore in market valuation last week, with major contributions coming in from HDFC Bank, which recently completed the merger with its mortgage financier parent HDFC. HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services. Last week, the 30-share BSE Sensex jumped 623.36 points or 0.94 per cent. While HDFC Bank, ICICI Bank, ITC, State Bank of India and Bajaj Finance were the gainers, Reliance, Tata Consultancy Services (TCS), Hindustan Unilever, Infosys and Bharti Airtel suffered erosion from their market valuation last week. HDFC Bank's market valuation jumped Rs 3,43,107.78 crore to reach Rs 12,63,070.52 crore. The market capitalisation (mcap) of State Bank of India zoomed Rs 27,220.07 crore to Rs 5,48,819.01 crore, and that of ICICI Bank jumped Rs 24,575.78 crore to Rs 6,97,413.50 crore. ITC added Rs 21,972.81 crore, taking its valua

Polycab India enters top-100 most-valued firms' club; rallies 11% in 2 days

With a market capitalisation of Rs 64,422 crore, Polycab India stood at 91st position in overall m-cap ranking on Wednesday morning.

M-cap of 6 of top-10 valued firms jumps Rs 2 trn; Reliance, TCS big winners

Six of the top-10 most valued firms together added Rs 2,03,010.73 crore in market valuation last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid an optimistic trend in equities. Last week, the 30-share BSE benchmark jumped 780.45 points or 1.19 per cent. The Sensex on Friday settled at its new all-time closing high of 66,060.90. From the top-10 pack, the market valuation of Reliance Industries jumped Rs 69,990.57 crore to reach Rs 18,53,033.73 crore. Tata Consultancy Services (TCS) added Rs 68,168.12 crore taking its valuation to Rs 12,85,058.84 crore. The market valuation of Infosys rallied Rs 39,094.81 crore to Rs 5,91,547.67 crore and that of Bharti Airtel surged Rs 10,272.84 crore to Rs 4,95,116.94 crore. The market capitalisation (mcap) of ICICI Bank climbed Rs 10,135.42 crore to Rs 6,72,837.72 crore and that of ITC went up by Rs 5,348.97 crore to Rs 5,87,951.43 crore. However, HDFC Bank's valuation fell by Rs 8,695.25 crore

TCS shares climb 3% post-earnings announcement, mcap jumps Rs 29,437 cr

Shares of Tata Consultancy Services (TCS) climbed almost 3 per cent on Thursday a day after the company reported a 16.83 per cent increase in its June quarter net profit to Rs 11,074 crore. The stock climbed 2.47 per cent to settle at Rs 3,340.65 on the BSE. During the day, it rallied 3.24 per cent to Rs 3,366. It was the biggest gainer among the BSE Sensex and NSE Nifty firms. At the NSE, it climbed 2.59 per cent to end at Rs 3,344.50. The company's market valuation jumped Rs 29,437.08 crore to Rs 12,22,361 crore in tandem with rally in the stock. A total of 2.69 lakh shares of the company were traded at the BSE and over 45.85 lakh shares on the NSE during the day. The rally in the stock was instrumental in helping equity markets trade firm. The 30-share BSE Sensex ended 164.99 points, or 0.25 per cent, higher at 65,558.89, and the NSE Nifty went up by 29.45 points, or 0.15 per cent, to 19,413.75. The Tata Group company had reported a net profit of Rs 9,478 crore in the year-ago

M-cap of 6 of top-10 most valued firms jump Rs 1.19 trn; Reliance leads

Six of the top-10 most valued firms together added Rs 1,19,763.25 crore in market valuation last week, with Reliance Industries Limited and ITC emerging as the major gainers, driven by an overall positive trend in domestic equities. Last week, the 30-share BSE benchmark jumped 561.89 points or 0.86 per cent. The Sensex hit its all-time high of 65,898.98 on July 7. The valuation of Reliance Industries jumped Rs 57,338.56 crore to Rs 17,83,043.16 crore, the most among the top-10 firms. ITC added Rs 21,291.04 crore taking its market valuation to Rs 5,82,602.46 crore. The market capitalisation (mcap) of State Bank of India rallied Rs 18,697.06 crore to Rs 5,29,898.83 crore and that of Tata Consultancy Services zoomed Rs 9,220.81 crore to Rs 12,16,890.72 crore. ICICI Bank's valuation climbed Rs 8,998.26 crore to Rs 6,62,702.30 crore and that of Hindustan Unilever Limited advanced Rs 4,217.52 crore to Rs 6,33,532.04 crore. However, the mcap of HDFC Bank fell by Rs 22,926.37 crore to Rs

Ceat zooms 19% to hit an all-time high; m-cap crosses Rs 10,000 crore-mark

In the past two months, the market price of Ceat skyrocketed 50 per cent after margins expansion of the company were back to double digit in the January-March quarter (Q4FY23).

M-cap of BSE-listed firms hits Rs 300 trn, now 4th-largest equity market

India's m-cap had first crossed the Rs 100 trillion and Rs 200 trillion milestones in 2014 and 2021, respectively

Maruti shares climb nearly 4%, market valuation up by Rs 10,519.95 cr

Shares of Maruti Suzuki India were in the limelight on Wednesday, climbing nearly 4 per cent, taking its market valuation higher by Rs 10,519.95 crore. The stock rallied 3.61 per cent to settle at Rs 9,994.50 apiece on the BSE. During the day, it jumped 4 per cent to its 52-week high of Rs 10,036.70. On the NSE, it moved up by 3.55 per cent to end at Rs 9,990.10 per piece. During the day, shares of the carmaker advanced 4 per cent to reach its 52-week high of Rs 10,036.95. The stock was the biggest gainer among the Sensex firms. The company's market valuation climbed Rs 10,519.95 crore to Rs 3,01,913.92 crore on the BSE in-line with a surge in its share price. Maruti Suzuki India (MSI) on Wednesday launched the new Invicto at introductory prices ranging from Rs 24.8-Rs 28.4 lakh as it looks to gain a foothold in the premium three-row multi-purpose vehicle segment. The company is looking to double its turnover to around Rs 1.68 lakh crore by 2030-31 from FY22 level in line with pa

ITC trades higher for fifth straight day; surges 3% in subdued market

ITC's market cap touched Rs 5.96 trillion in intra-day trade, less than 1 per cent shy from hitting the milestone of Rs 6 trillion mark.

Mcap of BSE-listed firms at record high of Rs 297.94 trn; Sensex at peak

The market capitalisation of BSE-listed firms reached a record high of Rs 297.94 lakh crore in early trade on Monday as the benchmark Sensex hit the 65,000 mark for the first time ever amid bullish investor sentiments. The BSE benchmark jumped 514.08 points to hit its record high of 65,232.64 in early trade. The benchmark has been rallying for the fourth straight trading session on Monday. Thanks to the ongoing rally in equities, the market capitalisation (mcap) of BSE-listed companies jumped to Rs 2,97,94,780.47 crore in early trade. On Friday, the market capitalisation of BSE-listed firms touched an all-time high of Rs 296.48 lakh crore. From the Sensex pack, HDFC, HDFC Bank, UltraTech Cement, Tata Steel, Bajaj Finance, ICICI Bank, Mahindra & Mahindra, State Bank of India, Reliance Industries and Bajaj Finserv were the major gainers. Power Grid, Maruti, Larsen & Toubro, Tech Mahindra, Axis Bank, Hindustan Unilever and Asian Paints were among the laggards. In Asian markets, ..

M-cap of top-10 most valued firms jumps Rs 1.88 trn; HDFC Bank top gainer

The combined market valuation of the top 10 most valued firms jumped Rs 1.88 lakh crore last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, amid bullish investor sentiments. Last week, the BSE benchmark jumped 1,739.19 points or 2.76 per cent. The 30-share BSE Sensex jumped 803.14 points or 1.26 per cent to settle at its lifetime closing high of 64,718.56 on Friday. During the day, it zoomed 853.16 points or 1.33 per cent to reach its record intra-day peak of 64,768.58. Propelled by optimism in equities, the combined market valuation of the top 10 most valued firms increased by Rs 1,88,050.82 crore. The valuation of HDFC Bank surged Rs 32,600.19 crore to Rs 9,51,584.36 crore, the most among the top 10 firms. Tata Consultancy Services (TCS) added Rs 30,388.43 crore, taking its market valuation to Rs 12,07,669.91 crore. The valuation of Infosys jumped Rs 28,862.38 crore to Rs 5,54,091.27 crore, and that of Reliance Industries zoomed Rs 23,984.28

Apple stock hits record, on the cusp of $3 trillion market capitalisation

The iPhone maker's stock rose 0.6% to end the day at $189.25, putting Apple's market value at $2.98 trillion, according to Refinitiv data

M-cap of 6 of valued firms erodes by Rs 1 trn, Reliance takes biggest hit

Six of the top-10 most valued domestic firms suffered a combined erosion of Rs 1,02,280.51 crore in market valuation last week, amid a weak trend in equities, with Reliance Industries taking the biggest hit. Last week, the BSE benchmark fell 405.21 points or 0.63 per cent amid a bearish trend in global equities and concerns over rate hikes by central banks of various countries. From the top-10 pack, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, Infosys and State Bank of India faced erosion from their market capitalisation (mcap). However, Tata Consultancy Services (TCS), HDFC Bank, HDFC and Bharti Airtel emerged as the gainers. The market valuation of Reliance Industries tumbled Rs 40,695.15 crore to Rs 17,01,720.32 crore. Hindustan Unilever's mcap diminished by Rs 17,222.5 crore to Rs 6,20,797.26 crore. State Bank's valuation fell by Rs 14,814.86 crore to Rs 4,95,048.22 crore and that of Infosys declined by Rs 11,204.66 crore to Rs 5,25,228.89 crore. The mcap of ITC