India News Get -BusinessICICI HDFC SBI Market Cap Update; Airtel | Reliance Market Cap 2024
The market valuation of the country’s big three banks – ICICI, HDFC and State Bank of India (SBI) increased by Rs 69,879 crore after last week’s trading. During this period, the market capitalization of 4 of the country’s top 10 listed companies increased by Rs 81,151 crore.
Among these, ICICI Bank was the biggest gainer. The market capitalization of private sector lenders increased by Rs 28,495 crore during this period to Rs 8.90 lakh crore. Previously, the company’s valuation was Rs 8.61 lakh crore. During this period, the market capitalization of telecom company Bharti Airtel also increased by Rs 11,272 crore to Rs 9.72 lakh crore.
Reliance and Infosys are the big losers in the market Technology services company Infosys was the biggest market loser last week. The market capitalization of the company declined from Rs 23,314 crore to Rs 7.80 lakh crore.
At the same time, the market capitalization of the country’s largest company, Reliance Industries, declined from Rs 16,645 crore to Rs 18.39 lakh crore.
Apart from this, the market capitalization of a total of 6 companies including Infosys, ITC, Hindustan Unilever and LIC fell by Rs 76,621 crore.
The stock market fell 156 points last week Last week, Sensex also fell by 156 points. On the last day of the week (Friday, October 18), the Sensex recovered 815 points from the day’s low of 80,409. After the trading session, it closed at 81,224 with a gain of 218 points.
Nifty also recovered 287 points from the day’s low of 24,567. Nifty also gained 104 points and closed at the level of 24,854. Metals and banks sectors of NSE saw the highest rise.
What is market capitalization?
Market capitalization is the value of a company’s total outstanding shares, that is, all the shares currently owned by its shareholders. It is calculated by multiplying the company’s total number of issued shares by the stock price.
Market capitalization is used to categorize company stocks to help investors choose them based on their risk profile. Like large, mid and small cap companies.
Market capitalization = (Number of shares outstanding) x (Share price)
How does market capitalization work?
Whether or not a company’s stock will generate profits is estimated by looking at many factors. One of these factors is market capitalization. Investors can tell the size of a company by looking at the market capitalization.
The higher the market capitalization of the company, the better it is considered. Stock prices rise and fall based on supply and demand. Therefore, market capitalization is the publicly perceived value of that company.
How does market capitalization fluctuate?
It is clear from the market capitalization formula that it is calculated by multiplying the total number of issued shares of the company by the stock price. This means that if the stock price increases, the market capitalization will also increase and if the stock price decreases, the market capitalization will also decrease.