Skip to main content

17 BIZ GROUPS ATTAIN 1 TRILLION RUPEE MARK

As the stock market benchmark Sensex races towards its 23,000-points milestone, at least 17 business houses have attained a market cap of Rs 1 trillion or more, led by Tatas with a massive group valuation of over Rs 7 lakh crore.
These 17 business houses together command a cumulative valuation of close to Rs 35 lakh crore -- almost half of overall investor wealth of nearly Rs 75 lakh crore in the Indian markets, shows an analysis of latest valuation of all listed companies in the country.
Interestingly, Tata group commands a valuation that is greater than the combined market cap of its two nearest rivals -- HDFC group and Mukesh Ambani-led RIL group on the valuation charts. Tata group has more than 30 listed companies, while its most valued firm TCS also happens to be the country's most valued firm with a market value of over Rs 4.3 lakh crore.
The markets' 30-share benchmark index, Sensex, is currently trading near 22,700 points and has gained more than 10 per cent or over 2,500 points in the past three months, which traders largely attribute to expectations for a reforms- friendly and a stable government after the ongoing general elections.
The election results will be announced on May 16 and there are widespread expectations about Sensex achieving 23,000-point level by that time.
The ongoing rally has seen at least 17 business houses attaining a market value of Rs 1 lakh crore and more. On this list, Tatas are followed by HDFC Group (Rs 3.2 lakh crore), RIL group (Rs 3.07 lakh crore), ITC (Rs 2.7 lakh crore) and Infosys (Rs 1.8 lakh crore).
Others include Vedanta, Bharti, Aditya Birla, Sun Pharma, ICICI, L&T, Mahindra, Wipro, HUL, Adani, HCL and Bajaj groups.
Among these, Adani group has witnessed a sharp rally in the past three months and the shares of its three listed companies (Adani Enterprises, Adani Power and Adani Ports) have soared ahead by 40-101 per cent. Their collective market value has grown by more than Rs 40,000 crore in this period to close to Rs 1.03 lakh crore now.
There are a few groups which have got just one listed company, while others have multiple listed companies. The PSU companies have not been included into the study, as they do not belong to any particular business group and have got government as their main promoters.
RIL group has got two listed companies, while HDFC has got three (HDFC, HDFC Bank and Gruh Finance). Those with multiple listed companies also include Vedanta, Bharti, Aditya Birla, Sun Pharma, L&T, Mahindra, Adani, HCL and Bajaj groups.
At the individual company level also, there are 17 companies with a market capitalisation of Rs one lakh and more, but these include three PSUs (ONGC, Coal India and SBI).
Among private sector companies, Tata group has got two companies (TCS and Tata Motors) in this list.

Comments

Popular posts from this blog

JIO TARIFF CICK FOR TELECOM STOCKS

Telecom stocks today surged up to 8 per cent after the recent increase in Reliance Jio tariffs, which is largely seen as positive for the sector. Shares of Bharti Airtel jumped 4.99 per cent to close at Rs 497.50 on BSE. Bharti Airtel was the biggest gainer among the 30-share index components. The scrip of Idea Cellular soared 7.74 per cent to end at Rs 98.15 and Reliance Communications zoomed 7.60 per cent to Rs 17.70. Reliance Jio made its service dearer by about 15 per cent for its popular 84-day plan at Rs 459 from October 19, under which subscribers get 1GB 4G data at high speed per day. The company restructured its various schemes by reducing their validity period. The recent increase in Reliance Jio tariffs will increase its average revenue per user by up to 20 per cent and is a positive for the telecom sector, which is seeing a rapid consolidation, says a Philip Capital report. Established telecom sector players have seen huge reduction in their margins. Idea Cellular and Reli…

INVESTORS RICHER BY Rs. 25 LAKH CRORES IN SAMVAT 2073

Stock markets ended on a flat note on Wednesday, just below their record highs, but finished Samvat 2073 with robust gains of over 16 per cent. Equities added over Rs 25 lakh crore to investors' wealth this Samvat year. The benchmark Sensex has gained 4642.84 points, or 16.61 per cent, in the Hindu Samvat year 2073, while the broader NSE Nifty surged 1572.85 points, or 18.20 per cent during this period.
Small loss in last session
In the last session of the Samvat 2073 on Wednesday, the 50-share Nifty fell by 23.60 points or 0.23 per cent to close at 10,210.85 after moving between 10,175.75 and 10,236.45. The Sensex resumed lower at 32,518.56 and fell further to a low of 32,462.85 before ending at 32,584.35, down 24.81 points or 0.08 per cent. Investors adopted a cautious approach ahead of the long Diwali weekend, while a weak rupee too affected sentiment, brokers said.
- Axis Bank emerged as the worst performer among Sensex components, tumbling 9.52 per cent following a spike in ba…

BIRLAS ENTER TOP LEAGUE WITH $50 BILLION M CAP

The Aditya Birla group has entered the top valuation league with a market cap of over USD 50 billion post listing of financial services arm Aditya Birla Capital (ABCL), but Tatas remain on top with over USD 132 billion.
The combined market valuation of the Kumar Mangalam Birla-led listed companies stood at Rs 3,42,354.87 crore (USD 53.5 billion) at the end of Friday's trade.
Among various listed companies of the group, UltraTech Cement's valuation stood at Rs 1,10,097.70 crore at the end of Friday's trade while that of Grasim Industries was Rs 76,881.73 crore.
The newly-listed Aditya Birla Capital's market capitalisation was over Rs 55,000 crore, Hindalco (Rs 54,607.09 crore), Idea Cellular (Rs 32,064.91 crore), Aditya Birla Fashion and Retail (Rs 13,155.73 crore) and Aditya Birla Money (Rs 547.71 crore).
Among Indian conglomerates, the Tata group remains on the top in terms of total valuation of listed firms with about Rs 8,46,567 crore (USD 132.5 billion).
There are 29 pu…