Page 23 - Market Capitalisation

HCL Technologies becomes 4th IT firm to hit Rs 3 trillion market-cap

HCL Tech became the fourth Indian information technology (IT) firm to achieve the milestone after Tata Consultancy Services (TCS), Infosys and Wipro

Amid new peak, m-cap of BSE-listed cos hits record high of over Rs 239 trn

The market capitalisation of BSE-listed companies jumped to a record high of Rs 2,38,95,478.59 crore, driven by a rally in stocks, where benchmark index also hit its lifetime peak of 53,402.03.

Tata Steel rides metal rally to become second biggest firm in group

It accounts for 9.2% of group m-cap, highest in a decade

Paytm set to break into top 10 most-valued financial stocks in India

According to investment banking sources, the company is eyeing a valuation of between $20 billion and $25 billion

M-cap of BSE-listed firms touches record high, crosses Rs 233 trn

The market capitalisation of BSE-listed companies reached an all-time high of Rs 2,33,06,440.17 crore on Wednesday, mainly driven by optimistic sentiments in the broader market. At close of trade, the BSE Sensex jumped 134.32 points or 0.25 per cent to 52,904.05, registering its second straight session of gains. The market capitalisation of BSE-listed companies reached the new record high of Rs 2,33,06,440.17 crore at the end of the day's trade. Investors' wealth has jumped Rs 1,42,806.24 crore in the two days of market rally. "Despite negative global signals, domestic indices trimmed its early losses and soared high supported by robust Q1FY22 result expectations on IT sector and favourable economic outcomes," Vinod Nair, Head of Research at Geojit Financial Services, said. IT companies Tech Mahindra, HCL Tech and Infosys were the biggest gainers among the 30-share pack followed by L&T, Tata Steel, ITC and TCS. On the other hand, Maruti, HUL, Dr Reddy's, Nestle India and Titan ..

Tata vs Reliance: A two-front battle -- renewable energy and retail

Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner

Six top valued companies lose Rs 92,147 crore in market valuation

Reliance Industries, Tata Consultancy Services, Infosys, Hindustan Unilever, ICICI Bank and State Bank of India suffered losses in their market capitalisation

Bajaj Finserv's m-cap crosses Rs 2 trillion as stock scales new high

In the past three months, the stock of Bajaj Finserv has outperformed the market by surging 31 per cent as compared to a 6 per cent rise in the S&P BSE Sensex

Best of BS Opinion: Stock market as mirror, politics in diversity & more

Here are the best of Business Standard's opinion pieces for Saturday

The stock market as mirror: The changes that they reveal, and don't reveal

While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, notes T N Ninan

Indian Overseas Bank becomes the second most-valued public lender

On a closing basis, the bank's market cap was Rs 51,887 crore at the end of trading on Friday, surpassing its peers Punjab National Bank (PNB) and Bank of Baroda (BOB)

Facebook hits $1 trillion value after judge rejects antitrust complaints

Facebook shares rose more than 4% after the ruling. The share price rise put Facebook's market capitalisation over $1 trillion for the first time

M-cap of top 6 firms soars over Rs 1.11 trillion; TCS, Infosys lead gainers

Tata Consultancy Services, HDFC Bank, Infosys, HDFC, ICICI Bank and State Bank of India saw gains in their market valuation

Reliance Industries: Key financial ratios fall to three-decade low in FY21

On a consolidated basis, firm's RoCE declined to 7.8% in the fiscal

Securities market: On the cusp of change

Para 68 of the Budget announcement of 2021, exactly 30 years after 1991, could be the beginning of the next round of financial sector reforms

Firms' m-cap grew fastest in 2020 despite GDP contraction: SBI economists

Indian firms' market capitalisation grew at the fastest pace last year among major economies despite contraction in GDP, economists from SBI said, flagging the risks to financial stability it poses

Govt eases listing norms for companies having over Rs 1 trn m-cap

Companies that have a market capitalisation of more than Rs 1 lakh crore at the time of listing can now sell just five per cent of their shares, with the latest amendment in rules, a move that will be beneficial for the government during the proposed initial public offer of LIC. Such entities will be required to increase its public shareholding to 10 per cent in two years and raise the same to at least 25 per cent within five years. The Department of Economic Affairs under the finance ministry has amended the Securities Contracts (Regulation) Rules. Yash Ashar, Partner & Head - Capital Markets at law firm Cyril Amarchand Mangaldas, said there were some concerns that diluting 10 per cent in very large IPOs (Initial Public Offers) in the future maybe very challenging. "With this amendment, companies which at listing will have a market cap greater than one lakh crore rupees will be able to restrict their offer size to 5 per cent (as compared to 10 per cent) and this will ensure more .

Anil Ambani-led group's market cap rises 1,000% to nearly Rs 8,000 cr

The market capitalization of Anil Ambani led Reliance Group has surged by over 1,000 per cent in less than 3 months.

Four of top-10 firms add Rs 68,458 crore in m-cap; HUL, Infosys top gainers

The valuation of Infosys jumped Rs 24,628.79 crore to Rs 6,41,108.34 crore.

In the eye of the storm: Adani stocks crash on rumours of FPI freeze

Shares recoup some losses after company, NSDL, FPIs deny report