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HomeEconomyValue of 8 companies in top-10 increased by ₹1.53 lakh crore: Airtel was the...

Value of 8 companies in top-10 increased by ₹1.53 lakh crore: Airtel was the top gainer in the market last week, HUL's value decreased by 8,412 crore

In terms of market capitalization, the value of 8 of the country's top 10 companies has increased by a combined Rs 1,53,019.32 crore in last week's trading. Telecom company Bharti Airtel was the top gainer. The company's market cap has increased by Rs 47,195 crore to Rs 9.05 lakh crore. Earlier, the company's market cap was Rs 8.57 lakh crore. Apart from Airtel, the valuation of Infosys, LIC, Tata Consultancy Services (TCS), ICICI Bank, Reliance Industries, HDFC Bank, State Bank of India (SBI), Life Insurance Corporation of India (LIC) also saw an increase during last week's trading. At the same time, the market cap of Hindustan Unilever and ITC has decreased by Rs 13,188 crore during this period. Sensex rose 1,279 points last week. Nifty touched a record level of 25,268 in Friday's (30 August) trading. However, later it came down a bit and closed at 25,235 with a gain of 83 points. Sensex also touched a record level of 82,637 today, it closed at 82,365 with a gain of 231 points. In the last week's trading, Sensex increased by 1,279 points. Nifty made a record – closed with gains for 12 consecutive days The Nifty index, launched in 1996, made a record of closing with gains for 12 consecutive days. Earlier in 2007, Nifty had seen a rise for 11 consecutive days. At the same time, there was a rise for 10 consecutive days in January 2015 and April 2014. What is market capitalization? Market cap is the value of the total outstanding shares of any company, that is, all the shares that are currently held by its shareholders. It is calculated by multiplying the total number of issued shares of the company with the price of the stock. Market cap is used to categorize the shares of companies so that investors can choose them according to their risk profile. Such as large cap, mid cap and small cap companies. Market cap = (number of outstanding shares) x (price of shares) How does market cap work? Whether a company's shares will give profit or not is estimated by looking at many factors. One of these factors is also market cap. Investors can find out how big a company is by looking at the market cap. The higher the market cap of a company, the better the company is considered. Stock prices rise and fall according to demand and supply. Therefore, market cap is the public perceived value of that company. How does market cap increase or decrease? It is clear from the formula of market cap that it is calculated by multiplying the total number of issued shares of the company with the price of the stock. That is, if the price of the share increases, the market cap will also increase and if the price of the share decreases, the market cap will also decrease.

Graphics Source: VaskarAssets

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