In terms of market capitalization, the value of 7 out of the top 10 companies of the country has combined reduced by Rs 1,22,107.11 crore last week. Tata Consultancy Services (TCS) was the top loser during this period. During the week's trading, the market cap of the company has decreased by Rs 35,638 crore to Rs 15.02 lakh crore.5
Apart from TCS, Reliance Industries was the second big loser. The market cap of the company has fallen by Rs 21,351.71 crore to Rs 18.55 lakh crore in a week. Apart from these, the market cap of ITC, Hindustan Unilever, LIC, ICICI Bank and HDFC Bank has also decreased.
Value of Airtel, Infosys and SBI increased by ₹36,278 crore
At the same time, the value of telecom company Bharti Airtel, which was the top gainer during this period, increased by Rs 26,330 crore to Rs 9.60 lakh crore. Apart from this, the value of Infosys and State Bank of India (SBI) has also increased.
Stock market fell 307 points last week
There was a decline of 307 points in the stock market last trading week. At the same time, on Friday (October 11), the Sensex closed at the level of 81,381 with a fall of 230 points. Nifty also fell by 34 points, it closed at the level of 24,964.
BSE Small Cap closed at 56,600, up 246 points. Out of 30 Sensex stocks, 16 rose and 14 declined. Out of 50 Nifty stocks, 28 were up and 22 were down. The Pharma sector of NSE had the highest rise of 1.19%.
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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TCS's profit of ₹ 11,909 crore in the second quarter: it increased by 5% on annual basis, the company will also give dividend of Rs 10 per share.
IT company Tata Consultancy Services Limited (TCS) has released the results of the second quarter (Q2FY25) of the financial year 2024-25 today i.e. on October 10. TCS's consolidated net profit in the July-September quarter stood at ₹11,909 crore, up nearly 5% year-on-year.
The company had made a net profit of Rs 11,342 crore in the same quarter a year ago. At the same time, the company's revenue from operations has increased by 8% to Rs 64,259 crore on an annual basis in Q2FY25.
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