Mcap of Top Companies: Bajaj Finance and Reliance showed tremendous growth
The world of stock market is always full of excitement. Sometimes a fall makes one afraid and sometimes seeing the numbers of the rise brings a smile on the faces of investors. Last week also something similar was seen when there was a tremendous jump in the Market cap of top companies. Amidst this bullish trend, Bajaj Finance and Reliance Industries emerged as the biggest gainers. This growth is not just a data, but it tells that confidence is returning to the market.
Market cap of top companies made new jumps
During last week, the market valuation of 7 companies out of the top 10 most-valued firms saw a combined jump of Rs 1,06,250.95 crore. Along with this, Bajaj Finance and Reliance Industries grabbed everyone’s attention.
BSE benchmark showed a growth of 901.11 points i.e. 1.12%, while Nifty climbed 314.15 points i.e. 1.28%. This clearly shows a positive sentiment where investors are looking optimistic about their investments.
Bajaj Finance and Reliance – the biggest winners
This week’s biggest stars were Bajaj Finance and Reliance Industries. The market valuation of Bajaj Finance increased by Rs 37,960.96 crore to Rs 5,83,451.27 crore. Reliance Industries also showed its prowess by adding Rs 23,343.51 crore and now its market cap has become Rs 18,59,767.71 crore.
The performance of both these firms once again confirms that these companies do not disappoint their investors in the long-term.
HDFC Bank, LIC and other strong gainers
Not only Bajaj Finance and Reliance, but other big names also made their position strong in the market cap of top companies list. Life Insurance Corporation of India (LIC) also maintained its strong position. Its market cap increased by Rs 15,559.49 crore to Rs 5,54,607.42 crore, which is a positive sign for investors.
State Bank of India also showed good performance last week and saw a growth of Rs 4,246.09 crore, taking its market valuation to Rs 7,44,864.69 crore. Bharti Airtel’s valuation also improved and it increased by Rs 4,134.02 crore to Rs 10,81,347.25 crore. ICICI Bank also took advantage of the positive market trend and its mcap increased by Rs 3,426.46 crore to reach Rs 10,01,717.42 crore.
There were some losers in the market cap of top companies
Every story has two sides. While there was growth on one side, this journey of one week was a bit tough for some companies. The market valuation of Tata Consultancy Services (TCS) fell by Rs 13,007.02 crore to Rs 11,02,955.89 crore. Infosys also could not escape this fall and its market cap decreased by Rs 10,427.47 crore to Rs 6,00,036.47 crore.
The valuation of Hindustan Unilever also fell by Rs 6,296.91 crore to Rs 6,18,694.37 crore. This fall is a reminder that there is always a balance in the market – some companies go up and some go down.
Reliance Industries is still the most valuable firm
Between fall and growth, one thing is clear – Reliance Industries is still India’s most valuable firm. After this comes HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Hindustan Unilever, Infosys, Bajaj Finance and LIC. This ranking clearly shows which companies are leading the investors’ trust and growth potential.
What does this positive trend of the market say?
The movement of the stock market is not just numbers, it also reflects people’s emotions, trust and the direction of the economy. The optimism seen last week has given a strong signal that momentum is returning to Indian equities. The jump in the market cap of top companies is an indication that the market may show even more solid performance going forward.
Disclaimer:
This article is for informational purposes only. The figures and details given in it are based on market reports. Always seek the advice of your financial advisor before making any investment.
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