Tag: market capitalisation

In the past seven trading days, the stock price of RIL has appreciated by 11 percent from a level of Rs 2,544 on April 18, 2022. In the past three months, the stock has rallied 20 percent, as compared to a 0.42 percent decline in the S&P BSE Sensex. Read more

ITC's market capitalisation returned to Rs 3 trillion marks today(22nd Sept.2021) after its stock hit a 21-month high on the bourses. The stock hit an intra-day high of Rs 244.70, up 1 percent on the BSE today, and was trading at its highest level since December 2019. In the past week, ITC has outperformed the market by surging 13 percent on expectations of an improvement in the company’s businesses. In comparison, the S&P BSE Sensex was up 0.62 percent during the week. At 01:55 pm, ITC’s market cap stood at Rs 2.999 trillion on the BSE, exchange data shows. Read more

The listed companies in India are worth 122 percent of India’s latest annualised gross domestic product (GDP) — the highest since December 2008, when it had hit an all-time high of around 150 percent. The ratio was 112 percent at the end of June and 103 percent at the end of March. India’s current market capitalisation (m-cap) to GDP ratio is nearly 55 percent higher than the 15-year median ratio of 79 percent. The combined m-cap of nearly 3,500 companies listed and actively traded on the BSE reached a new high of Rs 250 trillion on Tuesday and is up 120 percent since the end of March 2020, and 33 percent since the beginning of the current calendar year. This has created a wedge between stock valuations and India’s macroeconomic fundamentals. Read more

Dixon Technologies, the largest electronic manufacturing services gained 4 per cent on the BSE on Monday to hit a record high of Rs 8,935 on the expectation of higher demand for consumer electronics. The company's market capitalisation crossed Rs 10,000 crore today after five straight days of gains. The stock surpassed its previous high of Rs 8,822, touched on August 28, 2020, on the BSE. The stock has skyrocketed 267 per cent from its 52-week low of Rs 2,433.20, hit in September last year. Dixon is well placed to cater to the business proposition and is well equipped to serve the export markets in select categories. It further said, that set-top box is emerging to be a big category for Dixon with Rs 8 bn-10 bn revenue potential in FY22 with volumes of 800k-1,000k per month driven by RJio, Dish TV and Siti Cable. Dixon continues to lead the government’s self-dependence measures to manufacture consumer durables. Read more

As shares in the broader market joined the party the Indian market has once again topped the $2-trillion market capitalisation (m-cap) threshold. The country’s m-cap slipped below the psychological level in March ahead of the sharp sell-off triggered by the pandemic. During the depth of the correction, the combined m-cap of all listed stocks had slipped to multi-year lows of $1.3 trillion on March 23. Since then, India has added nearly $700 billion in market value thanks to the liquidity-fueled global rally. At its peak, India’s m-cap stood at $2.22 billion at the start of the year, when the benchmark Sensex and the Nifty indices hit all-time highs. Read more