Market Cap of 8 Top Companies Up by INR 1.83 Lakh Crore: TCS Leads, Value Soars from INR 38,000 Crore to INR 14.51 Lakh Crore
In the past week’s trading, the combined market capitalization of eight out of India’s top ten companies increased by ₹1.83 lakh crore. Among them, TCS achieved the highest profit, with its market cap rising by ₹38,894 crore to reach ₹14.51 lakh crore.
Infosys saw its market cap grow by ₹33,320 crore, reaching ₹6.83 lakh crore. Meanwhile, Reliance Industries’ market cap increased by ₹32,611 crore, climbing to ₹21.51 lakh crore.
Additionally, the market values of ICICI Bank, LIC, HUL, ITC, and SBI increased. However, HDFC Bank and Bharti Airtel experienced a decline in their market values.
HDFC Bank’s Market Cap Decreases by INR 26,970 Crore
HDFC Bank’s market capitalization decreased by INR 26,970 crore, reducing to INR 12.53 lakh crore. Meanwhile, Bharti Airtel’s market cap decreased by INR 8,735 crore, settling at INR 8.13 lakh crore.
Sensex Increased by 0.95% Last Week
During the last trading week, Sensex saw an increase of 0.95%. Nifty also recorded a rise of 0.08% during the same period. On the last trading day of the week, July 5th, Friday, the stock market experienced a decline.
Sensex closed at 79,996, marking a decrease of 53 points. Meanwhile, Nifty rose by 21 points to close at 24,323. Among Sensex stocks, 17 saw gains while 13 saw losses.
What is Market Capitalization?
Market capitalization, or market cap, represents the total value of all shares of a company currently held by its shareholders. It is calculated by multiplying the total number of issued shares of a company by the current market price per share.
Market cap is used to categorize companies based on the size of their equity in the market, helping investors assess their risk profile preferences, such as large-cap, mid-cap, and small-cap companies.
How Does Market Capitalization Work?
Market capitalization, or market cap, indicates the total value of a company’s issued shares, which is determined by multiplying the number of outstanding shares by the current market price per share. Investors often use market cap to gauge the size of a company and assess its performance relative to others in the market.
A higher market cap generally signifies a larger company. Market cap fluctuates with changes in share prices, reflecting the perceived value of the company based on supply and demand dynamics in the market. Thus, market cap represents the publicly perceived value of a company.
How Does Market Capitalization Increase or Decrease?
Market capitalization is calculated by multiplying the total number of a company’s shares by the market price per share. Therefore, if the share price increases, the market cap also increases, and if the share price decreases, the market cap decreases accordingly.
