The market’s rapid capitalization of the total listed companies on the Bombay Stock Exchange (BSE) has reached a one-year high. Meanwhile, the market capitalization (mcap) share of the three major business houses listed companies has increased from 20 percent to 25 percent. The total M cap of BSE was Rs 143 lakh crore as of 24 July 2019. It has closed at Rs 147 lakh crore on 24 July 2019.
These companies include Mukesh Ambani’s Reliance Group, Ratan Tata’s Tata Group, and HDFC Group. Their market cap has increased from Rs 30.68 lakh crore to Rs 36.70 lakh crore in a year.
M-cap of listed companies of the three groups increased by close to 5 percent
According to BSE data, the market cap of the total listed companies has increased by almost three percent in a year. At the same time, the market capitalization of these three companies has increased by 5 percent. It has the Reliance Industries group of companies at the top with a total market capitalization of Rs 14.32 lakh crore at the moment. RIL’s contribution to this is 13.60 lakh crores. In second place in the market cap of its PP share, which is 54 thousand crores.
A year ago, RIL contributed 7.98 lakh crore to the group’s total market capitalization of 8.07 lakh crore. Reliance Group has a total of 6 companies listed. It has DEN Network, Hathway Cable, Network 18, Reliance Industrial Infra, Reliance Industries, and Reliance PP.
TCS largest company in the Tata group
The Tata group is at number two. Its total market capitalization was Rs.11.15 lakh crore as of 24 July 2019. The contribution of TCS at this time was Rs 7.86 lakh crore. The group’s total market cap increased to Rs 11.27 lakh crore on 24 July 2020. TCS has contributed Rs 8.09 lakh crore to it. The group has a total of 24 companies listed. Prominent among these are TCS, Tata Consumer, Tata Motors, Tata Power, Titan, and Trent.
HDFC Bank largest in HDFC group
Similarly, HDFC Group is at number three. It has a total of four listed companies. The total market cap on 24 July 2019 was Rs 11.45 lakh crore, which has closed at Rs 11.11 lakh crore on 24 July 2020. It has fallen by 2.9 percent in a year. HDFC Bank is the largest contributor to this. Its market capitalization has come down from Rs 6.23 lakh crore to Rs 6.14 lakh crore. HDAC Limited is at second and HDFC Life at number three. The fourth company is HDFC Mutual Fund.
Reliance group on top due to the sale of a stake in Jio
In fact, the market capitalization of Reliance Industries has increased due to the sale of a stake in the Jio platform. With this money, the company has made the net debt-free. The valuation of Jio is Rs 4.91 lakh crore. On the other hand, a bid by Mukesh Ambani as a strategic investor in the retail venture of Jeff Bezos’s e-commerce company Amazon Inc. has created panic among the unlisted shares of the company. The buzz in the market is that if the deal goes through, then the enterprise value of Reliance Retails could be around Rs 3 to 4 lakh crore.