Page 5 - Market Valuation

HDFC Bank becomes 2nd most valuable company, TCS falls to 3rd place

HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services. At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more than TCS' Rs 12,66,891.65 crore valuation on the BSE. Shares of HDFC Bank ended at Rs 1,688.50 apiece, up 0.22 per cent on the BSE. During the day, it climbed 0.36 per cent to Rs 1,690.95. However, shares of TCS dipped 0.25 per cent to end at Rs 3,462.35 each. During the day, it fell 1 per cent to Rs 3,436. 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. Reliance Industries is the country's most valued firm

Volkswagen's efforts to boost valuation stifled by lack of succession plan

The company plans to run a series of capital market days in coming months for each of its brands, which it hopes will boost a valuation in freefall since mid-2021

RIL shares hit 52-week high; market valuation again reaches Rs 19 trn-mark

Shares of Reliance Industries touched their 52-week high level in intra-day trade on Tuesday and ended in the positive territory, taking its market valuation to more than Rs 19 lakh crore. The bellwether stock ended at Rs 2,822.40 apiece, up 0.93 per cent on the BSE. During the day, it climbed 1.48 per cent to hit its 52-week high of Rs 2,838. On the NSE, it rose 0.84 per cent to settle at Rs 2,820.45. The scrip reached its 52-week peak of Rs 2,837.45, registering a gain of 1.45 per cent during the day. The company's market valuation jumped from Rs 17,456.07 crore to Rs 19,09,526.60 crore. On July 10, shares of the company hit their 52-week high of Rs 2,755 on the BSE. On Tuesday, the 30-share BSE Sensex climbed 205.21 points or 0.31 per cent to settle at its new all-time closing high of 66,795.14 points. The NSE Nifty gained 37.80 points or 0.19 per cent to end at its all-time closing high of 19,749.25 points.

BSE-listed firms' market valuation touches all-time high of Rs 303.59 trn

The rally came despite weakness in European markets and a mixed ending in key Asian gauges

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

After the sharp run in H1-CY23, buy mid, small-caps selectively: Analysts

Analysts suggest investors stay selective and look for valuation comfort and earnings visibility before investing in the mid-and small-cap segments.

Apple makes Wall St history as first company with market value over $3 trn

The iPhone maker briefly rose above the $3 trillion level in early 2022, although it failed to close above it, and that peak marked the start of a downtrend that has now been fully erased

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

India is back with a bang on FIIs mind: Sumit Jain, ASK Investment Managers

Nifty 12-month forward PE is around 23 per cent below peak. Indian equities should find support from robust earnings outlook owing to strength in the domestic economy.

Time to book profit now; buy when Nifty hits 16,000: BofA Securities

The foreign brokerage firm expects Nifty to drop to 16,000 levels as they foresee global slowdown, volatile commodities, peak urban demand/slow rural revival as some of the risks for earnings.

LVMH breaks into world's top 10 as market value nears $500 billion

A first-quarter sales beat sparked a 5% increase in the share price Thursday, giving the luxury powerhouse a 29% rally for the year

Market valuations are attractive; buy selectively for long term: Analysts

Over the past few months, rising interest rates amid surging inflation has dented market sentiment across the globe

India to outperform Asian, EM peers; high valuation a challenge: Chris Wood

Will remain slightly Overweight India in the Asia Pacific ex-Japan relative-return portfolio, says Christopher Wood, global head of equity strategy at Jefferies in his GREED & Fear note to investors.

Steep correction

Market valuations are becoming reasonable

Adani group firm shares tank by up to 9% following Hindenburg report

Seven listed entities suffer a cumulative Rs 85,761 crore erosion in market value

Tata group remains the top business group; Adani shines the brightest

The Adani group gained from a continued rally in its existing companies and the acquisition of Ambuja Cement, ACC, and NDTV last year

Five of top-10 firms lose Rs 1.67 trn in m-cap; RIL biggest drag

The combined market valuation of five of the 10 most valued firms eroded by Rs 1,67,602.73 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 686.83 or 1.09 per cent amid an overall weak trend in equities. While Reliance Industries, TCS, Infosys, Bharti Airtel and ICICI Bank were the laggards from the top-10 pack, Hindustan Unilever, HDFC Bank, Adani Enterprises, SBI and HDFC emerged as the gainers. The valuation of Reliance Industries tumbled by Rs 76,821.01 crore to reach Rs 17,65,173.47 crore. Tata Consultancy Services' market capitalisation (mcap) declined by Rs 53,641.69 to Rs 12,04,797.55 crore. The valuation of Infosys eroded by Rs 29,330.33 crore to Rs 6,60,184.76 crore and that of Bharti Airtel fell by Rs 7,705.08 crore to Rs 4,64,529.84 crore. ICICI Bank's mcap diminished by Rs 104.62 crore to Rs 6,49,102.84 crore. However, Hindustan Unilever (HUL) added Rs 24,882.17 crore, taking its market valuation to Rs 6,39,370.77. HDFC B

Mcap of 9 of top 10 most-valued cos erode by Rs 1.22 trn; RIL top loser

Nine of the top-10 most valued firms faced a combined erosion of Rs 1,22,092.9 crore in market valuation last week amid weak trend in equities, with Reliance Industries emerging as the biggest laggard. Last week, the 30-share BSE benchmark declined 843.86 points or 1.36 per cent. Barring HDFC Bank, rest nine companies, including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever, witnessed decline in their market valuation. The valuation of Reliance Industries tanked Rs 29,767.66 crore to Rs 17,35,405.81 crore. TCS faced an erosion of Rs 19,960.12 crore to Rs 11,84,837.43 crore in its market valuation. The valuation of ICICI Bank plunged Rs 19,722.3 crore to Rs 6,29,380.54 crore and that of Infosys tumbled Rs 19,567.57 crore to Rs 6,40,617.19 crore. The market capitalisation (mcap) of Hindustan Unilever went lower by Rs 11,935.92 crore to Rs 6,27,434.85 crore and that of State Bank of India declined by Rs 11,735.86 crore to Rs 5,38,421.83 crore. Bharti .

Silver has got its lustre back but beware the volatility, say experts

After underperforming for 2 yrs, silver has risen in line with benchmark indices but one should limit exposure to it to 5-10 per cent of portfolio

Pakistan stock market attractive on valuation, dividend yield: Chris Wood

The MSCI Pakistan Index, according to Wood's note, is trading on 3.7x forecast 2023 consensus earnings and a 2023 forecast dividend yield of 10.2 per cent