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- Eight Of The 10 Most Valued Firms Added Rs 3.28 Lakh Crore In Market Cap Last Week, TCS, HUL, RIL Top Gainers
Mumbai2 hours ago
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In last week’s trading, the combined market capitalization of 8 out of the top 10 companies of the country has increased by Rs 3.28 lakh crore. Among these, TCS has made the highest profit. Its market cap has increased by ₹80,828 crore to ₹14.08 lakh crore.
HUL’s market cap increased by ₹58,258 crore to ₹6.05 lakh crore. At the same time, the market cap of Reliance Industries has increased by ₹ 54,024 crore to ₹ 19.88 lakh crore.
Apart from this, the market value of Infosys, HDFC Bank, Bharti Airtel, ITC and ICICI Bank has increased. Whereas, the market value of SBI and LIC has decreased.
LIC’s market cap reduced by ₹12,080 crore
LIC’s market cap declined by ₹12,080 crore to ₹6.28 lakh crore. Whereas SBI’s market cap declined by ₹178 crore to ₹7.40 lakh crore.
On Friday, Sensex made an all-time high of 76,795.
There was a rise of 0.90% in the Sensex in the last entire trading week. Nifty also had a rise of 0.66%. On the last trading day of the week, Friday i.e. June 7, there was a rise in the stock market. Sensex had made an all-time high of 76,795. However, later it came down slightly and the Sensex closed at 76,693 with a gain of 1,618 points.
At the same time, Nifty also saw an increase of about 500 points during trading and it reached the level of 23,320. Nifty closed at 23,290 with a gain of 468 points. This is the all-time closing high of Nifty.
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 select 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 the company is considered. 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 formula of market cap 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.
