Reliance’s market-cap fell by more than ₹ 38 thousand crore: HDFC’s value increased by ₹ 76,880 crore, value of 6 top-10 companies fell by 78,127 crore.

Reliance’s market-cap fell by more than ₹ 38 thousand crore: HDFC’s value increased by ₹ 76,880 crore, value of 6 top-10 companies fell by 78,127 crore.

The combined market value of 6 out of the top 10 companies of the country in terms of market capitalization listed in the stock market has decreased by ₹ 78,127.48 crore last week. Among these, the market cap of the country’s largest company Reliance Industries has fallen the most by ₹ 38,462.95 crore. The market cap of the company has now reached ₹19.76 lakh crore. Apart from Reliance, the market cap of Airtel, ICICI Bank, Infosys, ITC and Hindustan Unilever has decreased during this period. Whereas, HDFC Bank has been the top gainer of the market last week. Its market cap has increased by ₹76,880.74 crore. Now the market cap of the company is Rs 11.77 lakh crore. Apart from this, the market value of Life Insurance Corporation of India (LIC) has increased by ₹ 49,208.48 crore, that of Tata Consultancy Services (TCS) by ₹ 34,733.64 crore and that of State Bank of India (SBI) by ₹ 10,486.42 crore. There was a slight rise in the stock market on the last trading day. There was a slight rise in the stock market on the last trading day last week (April 5). Sensex closed at 74,248 with a gain of 20 points. There was no rise or fall in Nifty. It closed at the level of flat 22,513. Out of 30 Sensex stocks, 17 saw a decline and 13 saw a rise. A day earlier, on April 4, the stock market had made an all-time high. During trading, Sensex touched the level of 74,501 and Nifty touched the level of 22,619. HDFC Bank shares had gained 3.15%. What is market capitalization? Market cap is the value of the total outstanding shares of any company, i.e. all those shares which are currently held by its shareholders. It is calculated by multiplying the total number of issued shares of the company by the stock price. Market cap is used to categorize shares of companies to help investors select them according to their risk profile. Like large cap, mid cap and small cap companies. Market Cap = (number of shares outstanding) x (price of shares) How does market cap work? Whether a company’s shares will yield profit or not is estimated by looking at many factors. One of these factors is market cap. Investors can find out how big a company is by looking at the market cap. The higher the market cap of the company, the better the company is considered. Stock prices rise and fall according to demand and supply. Therefore, market cap is the publicly perceived value of that company. How does market cap fluctuate? It is clear from the formula of market cap that it is calculated by multiplying the total number of issued shares of the company by the stock price. That means if the share price increases then the market cap will also increase and if the share price decreases then the market cap will also decrease.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top