The market cap of Reliance Industries, the country's largest company in terms of market capitalization, has decreased by Rs 74,563 crore last week. A week ago the valuation of the company was Rs 18.12 lakh crore, which has come down to Rs 17.37 lakh crore.
Apart from Reliance, the valuation of telecom company Airtel decreased by 26,275 crores to Rs 8.94 lakh crore, ICICI Bank's valuation decreased by 22,255 crores to Rs 8.88 lakh crores, ITC's valuation decreased by 15,449 crores to Rs 5.98 lakh crores, LIC's valuation decreased by Rs 9,930 crores to Rs 5.79 lakh crores and Hindustan Unilever's valuation Rs 7,248 crore It has reduced to Rs 5.89 lakh crore.
Value of 4 companies including Infosys 1.21 lakh crore increased
Here, despite the fall in the stock market, the market cap of Tata Consultancy Serviced has increased by Rs 57,745 crore to Rs 14,99,697 crore. At the same time, the market cap of Infosys has increased by Rs 28,839 crore, that of State Bank of India by Rs 19,813 crore and the market cap of HDFC Bank has increased by Rs 14,678 crore.
Stock market fell 238 points last week
On the last trading day of last week i.e. Friday, November 8, the Sensex closed at 79,486 with a fall of 55 points. Nifty also fell by 51 points, it closed at the level of 24,148. After a week's trading, the market fell by 238 points.
At the same time, BSE Small Cap fell 850 and closed at 54,913. Out of 30 Sensex stocks, 16 declined and 14 rose. Out of 50 Nifty stocks, 27 declined and 23 rose. In the NSE sectoral index, realty sector closed the biggest fall of 2.90%.
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 choose 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 company it is considered to be. 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.
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Reliance's profit of ₹ 16,563 crore in July-September quarter: 4.77% less on annual basis; Jio's net profit increased by 14% to ₹ 6,231 crore.
Reliance Industries has today (October 14) released the results for the second quarter of the financial year 2024-25. In this the company has made a profit of Rs 16,563 crore. There has been a decline of 4.77% on annual basis. In the same quarter a year ago, the company's consolidated net profit was Rs 17,394 crore.
At the same time, the company's income in the July-September quarter was Rs 2,35,481 crore. In the same quarter a year ago, the company had generated a revenue of Rs 2,34,956 crore. There has been a slight increase of 0.22% on annual basis.
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