Shares recoup some losses after company, NSDL, FPIs deny report
Group's listed stocks' P/E of 102x over three times Sensex's 33x
Reliance Industries Limited, Tata Consultancy Services, Infosys, Hindustan Unilever Limited and Bajaj Finance were the gainers
The stock of the state-owned company surpassed its previous high of Rs 162.95, touched on February 26, 2021.
Coal India reported strong offtake in dispatches, with volumes at 55.1mt, registering a 37.6 per cent year on year (YoY) increase in May 2021.
Retail exuberance keeps stock markets going
The ratio of the value of all companies in the stock market to the size of the Indian economy is now in excess of 100 per cent
Only Hindustan Unilever and Bajaj Finance saw losses in their market capitalisation for the trading week closed on Friday
M-cap falls 11% in 2 weeks to Rs 1.32 trn, against watchmaker's Rs 1.41 trn
From the top-10 list, only Hindustan Unilever Limited witnessed a decline in its market valuation
Only Reliance Industries Limited and State Bank of India book gains on a weekly basis.
Only Reliance Industries Ltd and Infosys took losses in their market capitalisation for the week closed on Friday
The jump in market capitalisation in the past year is not matched by its financial performance
Market cap of top four steelmakers up 29% in April so far; demand from China is a strong tailwind
Only market among top 15 to see a fall; world m-cap has risen 4.2% in April
The market capitalisation of Infosys declined Rs 37,579.03 crore to Rs 5,76,275.68 crore.
Stock has gained 9% in a month even as Sensex shed 3% during this period. Currently, 41 listed companies have market cap exceeding Rs 1 trillion
Currently, only Tata group, HDFC group and Mukesh Ambani-led Reliance group have higher market cap at the group level
Infosys' shares have outperformed Sensex both on YTD and one-year basis, with a gain of 12.3% and 2.2x, respectively. In comparison, Sensex is up 2.7% and 63.5% on YTD and one-year basis
Adani Total Gas also beat ONGC, JSW Steel and Hindustan Zinc in m-cap ranking