Eight leading business houses have emerged as new Corona warriors for the stock market. All companies listed on the Bombay Stock Exchange accounted for 23 per cent of the total market capitalization growth. Six of these groups have performed relatively better in the market. The market capitalization of Mukesh Ambani, Bharti, Adani, Sun Pharma, Vedanta and Shiv Nadar group has grown by more than 30% in recent times. The Adityi Birla and Radhakrishna Damani groups have also performed better than average since the lockdown.
The increase is calculated based on the total market capitalization of all the listed companies of these groups on 23 March and the capitalization on Thursday. On 23 March, the central government announced a nationwide lockdown.
The Bajaj Group is the only company in the list of 12 groups whose market capitalization has fallen by 1 per cent since the lockdown. In fact, shares of non-banking financial companies - Bajaj Finance and Bajaj Finserv have declined. Although not producing vehicles during the lockdown, Bajaj Auto's market capitalization grew by 34 per cent.
Mukesh Ambani-led group's market capitalization has increased by 78 per cent due to the successful raising of capital during the lockdown. Reliance Industries subsidiary Jio Platforms has raised Rs 78,562 crore by selling 17.2 per cent stake to various companies. This led to the valuation of the company at about Rs 4.9 lakh crore.
The telecom business also performed better during the lockdown and data usage increased by 15 per cent due to the increasing trend of work from home. Its
As a result, the average revenue per user of the companies has increased and is expected to reach Rs 200 in a few quarters. Bharti Airtel also took advantage of this opportunity, especially after raising $ 3 billion through eligible institutional planning. The Bharti Group's share rose 41 percent to the fourth position among the leading groups.
Among the business houses, Adani Group has the second highest market capitalization. The market capitalization of the group has increased due to the increase in the share price of Adani Ports and Adani Green. Shares of pharmaceutical companies also rose due to the Covid epidemic and Dilip Shanghvi-promoted Sun Pharma's stock rose nearly 42 per cent during this period.
The Anil Agarwal-promoted Vedanta group has announced to end listing on the stock market, which has led to a sharp rise in the company's stock. Similarly, the market capitalization of Shiv Nadar Group has increased by about 30 per cent. The total market capitalization of the professionals-led HDFC and ICICI group has been less than Rs 1 lakh crore and has not been included in this analysis.
If the rules of refund fees are not followed, now the recognition of colleges will be cancelled.
A bill to amend the law governing the Waqf Board will be introduced in Parliament on Thursday. Un
In the last 24 hours, 406 new cases of Covid-19 have been reported in India. The total number of
Anushka-Virat: Anushka Sharma told the secret of Kohli's fitness, revealed before the Adelaide Test
Indian batsman Virat Kohli is counted among the fittest cricketers in the world. He recently scor
News related to Shahrukh Khan's upcoming film 'Jawan' has come out. According to recent reports,
Road accidents are a major reason for untimely deaths in cities. To reduce these deaths, many cou
The ruling Mizo National Front (MNF), an ally of the North East Democratic Alliance (NEDA) in Miz
The father of Lawrence Bishnoi, the main accused in the Sidhu Moosewala murder case, has filed a
India defeated Afghanistan by six wickets in the second T20 played in Indore. With this victory,
Uttam Mohanty Dies: Big blow to Odia film industry, veteran actor Uttam Mohanty passes away.
A sad news related to Odia cinema has come to light. Veteran actor Uttam Mohanty has said goodbye
