A Brief Overview
For those who are unaware, market capitalization or m-cap is a vital instrument via which you can gauge the performance of a company. It refers to the aggregate valuation of a given company which is assessed keeping in mind its prevailing share price along with the number of outstanding stocks in their entirety. This market capitalization figure is arrived at by multiplying the prevailing market price of a given company’s shares with the company’s outstanding shares in their entirety.
As an investor, it is important to look at the market capitalization of a company’s stock in order to discern the returns and risks associated with the said stock. Oftentimes you may seek out a stock keeping in mind the company’s market capitalization in order to meet your risk and diversification standards.
When looking at the domestic markets today, seven of the country’s leading companies added INR 1.31 Lakh Crore to their market capitalization.
Top Companies Add to their M-Cap
Of the top ten companies in India today, Reliance Industries Limited remains in the lead as the country’s most valuable company. It is followed by Tata Consultancy Services, HDFC Bank, and Infosys. Following them lie Hindustan Unilever Limited, HDFC, and ICICI Bank. Bajaj Finance, the State Bank of India (or SBI), and Wipro make up for the eighth, ninth, and tenth positions respectively.
Of these top ten companies, seven saw their market valuation collectively rise by INR 1,31,173.41 Crores in the second week of August. Hindustan Unilever Limited and Tata Consultancy Services remained in the lead in this regard.
Hindustan Unilever Limited (or HUL)saw its market capitalization soar by INR 50,234.21 Crores giving it a new market capitalization amounting to INR 6,15,016.63 Crores.
Tata Consultancy Services (or TCS) surged forward as its market capitalization moved by INR 35,344.44 Crores such that it now amounts to INR 13,15,919.03 Crores.
Following in their lead, Bajaj Finance saw its valuation rise by INR 30,442.29 Crores. It now amounts to INR 4,01,782.58 Crores in its entirety.
Infosys saw a hike in its market valuation amounting to INR 8,335.27 Crores bringing its market valuation in its entirety to INR 7,34,755.12 Crores.
HDFC came in next with a rise in valuation amounting to INR 3,512.87 Crores such that its market valuation now amounts to INR 4,91,729.99 Crores.
Wipro market valuation rose by INR 2,385.11 Crores thereby making its m-cap equivalent to INR 3,39,632.11 Crores.
Finally, Reliance Industries saw a surge of INR 919.22 Crores bringing its market valuation to INR 13,60,571.28 Crores.
Other Pertinent Information
On the flip side, three companies on the country’s list of top ten most valuable companies saw a decline in their market valuation. They were the State Bank of India, ICICI Bank, and HDFC Bank.
The State Bank of India saw a fall of INR 21,776.05 Crores making its present market valuation amount to INR 3,63,187.07 Crores.
ICICI Bank saw its value drop by INR 16,854.73 Crores such that its m-cap now amounts to INR 4,71,497.28 Crores.
HDFC Bank saw a dip in its market valuation as well with the dip amounting to INR 5,947.03 Crores. It now amounts to INR 8,37,756.50 Crores in its entirety.
At the helm of the most valued Indian companies remains Reliance Industries Limited. Following it are Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, and ICICI Bank. Bajaj Finance, the State Bank of India, and Wipro come in after.
Frequently Asked Questions
Q1. Which of the 10 most valued companies saw a dip in their market valuation?
A1. The State Bank of India, ICICI Bank, and HDFC Bank saw a dip in their market valuation.
Q2. Which one of the 10 most valued companies saw the biggest leap in its market valuation?
A12. Hindustan Unilever Limited saw the biggest leap in its market valuation amounting to INR 50,234.21 Crores. Its new market capitalization amounts to INR 6,15,016.63 Crores.
Q3. What is market capitalization?
A3. Market capitalization refers to the aggregate valuation of a given company which is assessed keeping in mind its prevailing share price along with the number of outstanding stocks in their entirety