Led by strong buying by foreign institutions, HDFC Bank on Friday became India‘s second-most valuable company by market capitalization at Rs 352,314 crore. Banking analysts expect the stock price to normalize in the days to come.
Combined market valuation of 9 of the top 10 most valued Indian companies plummeted by Rs 57,065.11 crore last week, with ITC taking the sharpest hit.
The total market valuation of BSE-listed companies today surged to a lifetime high of over Rs 112 lakh crore, driven by robust stock market sentiment.
The market capitalization of listed state-run banks is close to that HDFC Bank.
IT major Infosys has surpassed private sector lender HDFC Bank, becoming the third most valued Indian firm in terms of market valuation, with TCS leading the top 10 companies chart, followed by RIL.
Google's gain had an outsize effect on the S&P 500, as well, adding more than 6 points to the S&P on Friday, according to S&P Dow Jones Indices senior index analyst Howard Silverblatt.
The market capitalization of eight of the Tata Group‘s smallest listed firms combined shows it is smaller than that of automotive products‘ manufacturer Motherson Sumi.
The company has an orderbook pipeline of nearly USD 45 million which could reach as high as USD 100 billion going ahead.
The stock has run up sharply and it has moved to 2400 percent. It was trading around Rs 10-12 and now trading at over Rs 300. So, there has been a huge jump in terms of the way the stock has moved up. The valuations are much richer than global McDonalds and even the local peer which is Jubilant Foods.
Apple's market capitalization fell below $500 billion on Thursday as shares of the world's most valuable listed company continued to slide after suffering their worst one-day decline in nearly four years.
The combined market capitalization of top seven Sensex companies fell by Rs 19,398 crore last week, led by software companies TCS and Infosys which together took a hit of Rs 9,969 crore.
IndusInd Bank is a classic case of management change scripting a turnaround in fortunes. It was December 31, 2008 when the bank’s market capitalization stood at Rs 1,337 crore and Romesh Sobti, the MD of the bank, had assumed charge at the helm. With an eight fold jump in the market cap, today the bank commands respect among market participants.
Ignorance is not always Bliss! Many of us do not give importance to Market cap while choosing an equity funds which later most likely impacts our returns. Financial advisor Anil Rego enlightens and guides on choosing the right market cap scheme considering ones risk appetite.
Reliance Industries, for long the darling of Indian investors, was knocked off its four-year long perch as the country's most valuable company, as fears over slowing gas production dragged its stock down almost 30% this year and led to the first full day of trade with Coal India on top.
NC Jha, chairman of Coal India is delighted to hear that our company has become the most valuable company in India. Speaking to CNBC-TV18's Latha Venkatesh and Gautam Broker, Jha said that the company aims to liquidate 25 million tonne coal going forward.
Incorporated in 1973 in Kolkata, Coal India is a leading public sector undertaking engaged in coal mining, selling coal in India.