Winning Bizness Desk
Mumbai. The market value of companies contributing rapidly to the country's economy is relentlessly going up and is getting reflected in terms of market capitalization. The value of 6 out of the top-10 companies of the country has increased by a total of Rs 1.85 lakh crore last week. During this period, Life Insurance Corporation of India (LIC) was the top gainer, while the market cap of Reliance Industries dipped by Rs 62,009 crore to Rs 20.42 lakh crore during this period. This is the second consecutive week when the market cap of the company has decreased. During the week, the valuation of the life insurance company went up by Rs 44,907.49 crore during trading. Now the market cap of the company has become Rs 7.47 lakh crore. Earlier, the market cap of the company was Rs 7.02 lakh crore. Apart from LIC, Infosys, ITC, Tata Consultancy Services (TCS), Bharti Airtel and HDFC Bank also earned a lot in the market during this period.
Reliance stock plummeting
Reliance Industries stock has given a negative return of 1.03% in the last 5 days and 3.58% in a month. However, the company's stock has risen 4.23% in the last 6 months and 19.41% in a year. This year i.e. from January 1 till now, Reliance stock has risen 16.54%. On the last trading day of the week, Friday (July 26), the stock market saw a boom. Nifty made an all-time high of 24,861 and closed at 24,834 with a gain of 428 points. At the same time, the Sensex closed at 81,332 with a gain of 1292 points. Out of the 30 Sensex stocks, 27 rose and 3 fell. Out of the 50 Nifty stocks, 47 rose and 3 fell. Last week, the Sensex rose by 728.07 or 0.90%.
Know about 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 price of the stock. Market cap is used to categorize the shares of companies, so that investors can be helped in choosing them according to their risk profile. Such as large cap, mid cap and small cap companies. Whether a company's stock will give profit or not is estimated by looking at many factors. One of these factors is also market cap. Investors can find out how big the 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.
