Fed up with Ads? Install Dainik Bhaskar app for news without ads
- Copy link
The bank’s stock stood at Rs 149 in May. Its market capitalization at that time was Rs 1.33 lakh crore. Since then its stock has risen by Rs 250. The market cap has increased by Rs 2.30 lakh crore. Analysts are still seeing good returns in this stock
- HDFC Bank’s market cap reaches 9 lakh crore for the first time
- 4 banks have now joined the top 10 companies in the market cap
- 5 companies have a market cap of over Rs 5 lakh crore in the top 10
The country’s largest state-run State Bank of India (SBI) has made it to the top 10 in terms of market cap. Its market cap rose to Rs 3.64 lakh crore this morning. While Airtel, which has been in the top 10 so far, has now reached number 11. Its market cap is 3.17 lakh crores. Bajaj Finance has a market cap of Rs 3.31 lakh crore.
SBI’s result came yesterday
SBI shares have been good in recent times. Yesterday it released its result. In this, he had gained more than 5 thousand crores rupees. However, this profit was lower than the December quarter of 2019. Its stock rose 15% to Rs 408 this morning. This has been the highest price in a year. Due to this, its market capitalization was Rs 3.64 lakh crore.
The bank’s stock stood at Rs 149 in May.
The bank’s stock stood at Rs 149 in May. Its market capitalization at that time was Rs 1.33 lakh crore. Since then its stock has risen by Rs 250. The market cap has increased by Rs 2.30 lakh crore. Analysts are still seeing good returns in this stock. This is because it has done a good job on bad loans, ie NPAs. Global brokerage house CLSA has said a 58% gain in the stock.
RIL still on top
Reliance Industries (RIL) is at the top in terms of market capitalization. Its market cap is 12.25 lakh crores. Tata Consultancy Services (TCS) has a market cap of Rs 11.77 lakh crore. HDFC Bank’s stock is also making new records daily. Today its stock rose to Rs 1618. This brought its market cap to Rs 8.91 lakh crore.
HDFC’s market cap 4.98 lakh crores
HDFC’s share is also increasing. Its stock has gone up to Rs 2768. With this, its market cap is beyond Rs 4.98 lakh crore. Hindustan Unilever Limited (HUL) has a market cap of Rs 5.30 lakh crore. Infosys has a market cap of Rs 5.39 lakh crore. ICICI Bank has a market cap of Rs 4.26 lakh crore while Kotak Mahindra Bank has a market cap of Rs 3.92 lakh crore.
Total market cap 200 lakh crores
Explain that the total market cap of listed companies in the market is 200 lakh crores. Recently, shares of many companies have contributed to this. There are now 4 banks in the top 10. While there are two IT companies. There are two finance companies.