Last week, five of the ten most valuable companies increased their overall market value by Rs. 62,508.32 crore, with RIL emerging as the highest gainer. Other gainers included HUL and SBI, while losers included TCS, Infosys and ICICI Bank..
RIL’ market capitalization increased by Rs. 23,582.73 crore to Rs. 15,37,600.23 crore at the closing on Thursday, making it the highest gainer among the top-10 companies. The value of Bharti Airtel increased by Rs. 15,377.67 crore to Rs. 3,76,917.83 crore, while the value of HDFC increased by Rs. 12,836.43 crore to Rs. 5,11,126.48 crore.
SBI’s value increased by Rs. 713.97 crore to Rs. 3,85,721.71 crore. TCS, on the other hand, saw its value plummet from Rs. 18,347.3 crore to Rs. 14,02,587.80 crore.
The value of HDFC Bank fell by Rs. 4,429.22 crore to Rs. 8,67,933.20 crore, while Infosys’ value fell by Rs. 3,605.59 crore to Rs. 7,17,639.19 crore. RIL was ranked first among the top ten companies. The 30-share BSE benchmark increased 175.12 points, or 0.30 percent, in the previous week.
Some companies operating in India with a market capitalization of $100 billion
Reliance Industries – Reliance Industries Limited is an Indian multinational enterprise with headquarters in Mumbai. RIL’s diverse activities include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. As of August 2021, Reliance Industries had a market capitalization of Rs. 14,77,782.78 crore. By market capitalization, Reliance Industries is the world’s 56th most valuable company.
Tata Consultancy Services – Tata Consultancy Services is a global Indian information technology services and consulting corporation headquartered in Mumbai, Maharashtra, with its main campus in Chennai, Tamil Nadu. As of February 2021, TCS is the world’s largest IT services company by market capitalization.
HDFC Bank – HDFC Bank Limited is an Indian banking and financial services company located in Mumbai, Maharashtra. In terms of assets and market capitalization, HDFC Bank is India’s largest private sector bank as of April 2021. It is the third-largest firm on the Indian stock exchanges in terms of market capitalisation.
Infosys – The Bengaluru-based IT firm’s market value has topped Rs. 7.45 lakh crore ($100 billion) following a recent spike in its share price. According to stock exchange data, Infosys became India’s 4th company to cross the hundred billion dollars threshold.
Further Key Takeaways
Innovative businesses are springing up all over the country, and they’re growing quickly thanks to solid digital public-infrastructure foundations and strategic relationships. As a result, India is quickly becoming the preferred destination for global investors looking for the next great technological breakthrough.
According to the United Nations Conference on Trade and Development’s recent World Investment Report 2021, India was the fifth-largest beneficiary of FDI inflows in 2020, getting $64 billion. Much of this money is moving into India’s tech industry, as evidenced by the country’s recent flurry of IPO (initial public offering) activity.
It appears to be a coming-of-age narrative for the sector’s start-ups, with global investors suddenly realising the critical mass of potential that has appeared in the South Asian country in recent months. Global investors regard India’s large, under-served market as having significant upside potential, and fund flows have increased tenfold.
What exactly is market capitalization, and why does it matter?
Because it reflects what investors are prepared to pay for its stock, market cap evaluates what a firm is worth on the open market, as well as the market’s view of its future prospects. Large-cap companies are those having a market capitalization of $10 billion or more.
Is market capitalisation a reliable metric?
Because the market cap is nothing more than the value of a company’s total outstanding shares, if the stock’s market value rises, so does its market capitalization.