TCS’s market cap fell by ₹ 1.10 lakh crore in a week: The value of 5 of the country’s top 10 companies fell by ₹ 1.98 lakh crore; Reliance Top Gainer

TCS’s market cap fell by ₹ 1.10 lakh crore in a week: The value of 5 of the country’s top 10 companies fell by ₹ 1.98 lakh crore;  Reliance Top Gainer

The market cap of Tata Consultancy Services (TCS), the country’s second largest company in terms of market capitalization, has fallen by ₹ 1,10,134.58 crore last week. Now the market cap of the company is ₹ 14.16 lakh crore. A week ago it was ₹15.26 lakh crore. During this period, the valuation of 5 of the top 10 companies of the country combined declined by ₹ 1.98 lakh crore. Apart from TCS, the market cap of tech company Infosys and FMCG Hindustan Unilever has declined by ₹ 52,291.05 crore and ₹ 16,834.82 crore during this period. At the same time, the market cap of Reliance Industries Limited, the largest company in terms of valuation, has increased by ₹ 49,152.89 crore to ₹ 19.69 lakh crore in this one week. Apart from this, the market capitalization of State Bank of India (SBI), ITC, Bharti Airtel and ICICI Bank has increased. Last week, the Sensex had gained 188.51 points. Last week, the Sensex had gained 188.51 points or 0.25%. At the same time, on the last trading day of the week i.e. Friday 22 March, the Sensex increased by 190 points and closed at the level of 72,831. At the same time, there was a rise of 84 points in Nifty, it closed at the level of 22,096. Out of 30 Sensex stocks, 21 saw a rise and 9 saw a fall. 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.

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