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.
Noida: Natwarlal's partner Johnson was arrested, and police detained 14 Chinese nationals in Noida
The STF has got another success in the case of Chinese citizens living in Greno illegally. The ST
There is a situation of tension between China and America regarding a spy balloon. America claims
A 32-year-old iron footbridge built on the Indrayani River collapsed on Sunday afternoon in the M
Atiq Ahmed: Whom Atiq was gesturing before his death, video viral
Mafia Atiq Ahmed, who ruled the world of Jarayam for more than four decades, not only got rich th
JAC 9th Result 2023: JAC released the 9th result, you can check your result by clicking here
Jharkhand Academic Council JAC has declared the 9th class result. This time a total of 97.8 perce
Prime Minister Narendra Modi took part in the program 'Atmanirbhar Nari-Shakti Se Samvad' on Thur
Actor Vijay Deverakonda was traveling from Puttaparthi, Andhra Pradesh, to Hyderabad, Telangana,
A solar eclipse will be seen in India on 21 June and in some parts of the country, it will be see
Corona vaccine is not available in the country and Prime Minister Modi is celebrating the Tika fe
Angered by not being allowed to play PUBG in Lucknow, a 16-year-old son shot and killed his mothe
