Value of 7 out of top-10 companies increased by ₹ 67,260 crore: Reliance’s market cap increased by ₹ 45,263 crore, TCS declined for the second consecutive week.

The combined market value of seven of the top 10 companies listed in the stock market in terms of market capitalization has increased by ₹ 67,259.99 crore last week. Among these, the market cap of the country’s largest company Reliance Industries has increased the most by ₹ 45,262.59 crore. The market cap of the company has now reached ₹20.14 lakh crore. Apart from Reliance, State Bank of India (SBI), Life Insurance Corporation of India (LIC) and CICI Bank have also been the top gainers in the market last week. Their market cap has increased by ₹5,533.26 crore, ₹5,218.12 and ₹4,132.67 crore. The market cap of TCS fell by ₹10,691.45 crore, while the market cap of Tata Consultancy Services (TCS) fell by ₹10,691.45 crore to ₹14.05 lakh crore. Last week, the biggest decline in the company’s valuation was seen. Then, the market cap of the company had fallen by ₹1,10,134.58 crore. Apart from TCS, the valuation of Infosys and Bharti Airtel has also fallen. 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 market cap formula 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. Also read this news… TCS’s market-cap fell by ₹ 1.10 lakh crore in a week: 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, fell 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. Click here to read the full news…

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