The market cap of Reliance Industries, the country’s largest company in terms of market capitalization, has decreased by Rs 74,563 crore last week. A week ago, the company’s valuation was Rs 18.12 lakh crore, which has come down to Rs 17.37 lakh crore. Apart from Reliance, the valuation of telecom company Airtel has decreased by Rs 26,275 crore to Rs 8.94 lakh crore, ICICI Bank by Rs 22,255 crore to Rs 8.88 lakh crore, ITC by Rs 15,449 crore to 5.98 lakh crore, LIC by Rs 9,930 crore to 5.79 lakh crore and Hindustan Unilever’s valuation has decreased by Rs 7,248 crore to Rs 5.89 lakh crore. The value of 4 companies including Infosys increased by ?1.21 lakh crores. Meanwhile, despite the fall in the stock market, the market cap of Tata Consultancy Serviced has increased by ?57,745 crores to ?14,99,697 crores. At the same time, the market cap of Infosys has increased by ?28,839 crores, State Bank of India by ?19,813 crores and HDFC Bank by ?14,678 crores. The stock market fell by 238 points last week. On the last trading day of last week, i.e. Friday, November 8, the Sensex closed at 79,486 with a fall of 55 points. Nifty also fell by 51 points, it closed at 24,148. After a week’s trading, there was a fall of 238 points in the market. At the same time, BSE Small Cap closed at 54,913, falling by 850 points. Out of the 30 shares of Sensex, 16 fell and 14 rose. Out of 50 Nifty stocks, 27 fell and 23 rose. Among the NSE sectoral indices, the realty sector closed with the highest fall of 2.90%. 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 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. Market cap = (number of outstanding shares) x (price of shares) How does market cap work? Whether a company’s shares 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 public perceived value of that company. How does market cap fluctuate? It is clear from the market cap formula that it is calculated by multiplying the total number of issued shares of the company by the price of the stock. 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. ——————————————————————- Read this news too… Reliance earns ? 16,563 crore profit in July-September quarter: This is 4.77% less on an annual basis; Jio’s net profit increased by 14% to ? 6,231 crore Reliance Industries has released the results for the second quarter of FY 2024-25 today (October 14). In this, the company has made a profit of Rs 16,563 crore. It has decreased by 4.77% on an annual basis. The consolidated net profit of the company in the same quarter a year ago was Rs 17,394 crore. Whereas, in the July-September quarter, the company’s income (revenue) was Rs 2,35,481 crore. In the same quarter a year ago, the company had generated a revenue of Rs 2,34,956 crore. There has been a marginal increase of 0.22% on an annual basis. Click here to read the full news….
