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- TCS Market Cap; Top 10 Market Capitalization 2024 Update | Reliance LIC SBI ICICI Bank
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In terms of market capitalization, the value of 8 of the top 10 companies of the country increased by a combined Rs 2,10,330.26 crore (Rs 2.10 lakh crore) last week. During this period, Tata Consultancy Services Limited (TCS) was the top gainer.
During the week’s trading, the IT company valuation increased by Rs 42,639 crore. Now the company’s market cap has become Rs 15.57 lakh crore. Earlier, the company’s market cap was Rs 15.14 lakh crore.
Apart from this, Life Insurance Corporation of India (LIC), Infosys, State Bank of India (SBI), Hindustan Unilever, ITC, Bharti Airtel and ICICI Bank have also earned a lot in the market during this period.
Value of Reliance and HDFC decreased by ₹ 69,923 crores
At the same time, according to market value, the market cap of the country’s largest company Reliance Industries has decreased by Rs 56,799 crore. Now the company’s market cap has come down to Rs 21.04 lakh crore. While the market value of HDFC Bank has come down by Rs 13,124 crore to Rs 12.23 lakh crore.
The market-cap of these companies increased
| company | Increase in Market Cap (in crores) | Current Market Cap (₹ Lakh Crore) |
| TCS | ₹42,639 | ₹15.57 |
| LIC | ₹36,748 | ₹7.02 |
| Infosys | ₹33,569 | ₹7.44 |
| SBI | ₹26,372 | ₹7.94 |
| Hindustan Unilever | ₹24,494 | ₹6.41 |
| ITC | ₹19,421 | ₹5.93 |
| Bharti Airtel | ₹16,223 | ₹8.32 |
| ICICI Bank | ₹10,863 | ₹8.79 |
| total | ₹2,10,330 | *** |
Note: Source: BSE (12 to 19 July 2024)
The market cap of these companies fell
| company | Decline in Market Cap (in crores) | Current Market Cap (₹ Lakh Crore) |
| Reliance Industries | ₹56,799 | ₹21.04 |
| HDFC Bank | ₹13,124 | ₹12.23 |
| total | ₹69,923 | *** |
Note: Source: BSE (12 to 19 July 2024)
Top 10 companies of the country in terms of market cap
| company | Market-cap (₹ Lakh Crore) |
| Reliance Industries | ₹21.04 |
| TCS | ₹15.57 |
| HDFC Bank | ₹12.23 |
| ICICI Bank | ₹8.79 |
| Bharti Airtel | ₹8.32 |
| SBI | ₹7.94 |
| Infosys | ₹7.44 |
| LIC | ₹7.02 |
| Hindustan Unilever | ₹6.41 |
| ITC | ₹5.93 |
Note: Source: BSE (12 to 19 July 2024)
What is market capitalization?
Market cap is the value of the total outstanding shares of any company, that is, all the shares that are currently held by its shareholders. It is calculated by multiplying the total number of issued shares of the company with the stock price.
Market cap is used to categorise company stocks to help investors choose them based on their risk profile, such as 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 stock will give profit or not is estimated by looking at several factors. One of these factors is market cap. Investors can find out how big the company is by looking at the market cap.
The higher the market cap of a company, the better it is considered to be. Stock prices rise and fall according to demand and supply. Therefore, market cap is the public 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 with the stock price. That is, if the share price increases, the market cap will also increase and if the share price decreases, the market cap will also decrease.
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