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Mumbai20 minutes agoAuthor: Ajit Singh
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- Reliance Industries shares were beaten fiercely on Friday. Its stock has fallen nearly 4% to below Rs 1,900.
Reliance Industries, the country’s largest company, has suffered a major setback. In terms of total market capitalization (M-Cap), the group lags behind HDFC and Tata group. Not only this, the market cap of Reliance Industries Group companies has decreased by Rs 3 lakh crore in the last 45 days. Along with this, its shares have also been beaten fiercely.
On Friday itself, its stock has fallen nearly 4% to below Rs 1,900.
Reliance has a market cap of 12.05 lakh crores
According to data from the National Stock Exchange (NSE), Reliance Group’s total market cap stood at Rs 12.05 lakh crore on Friday (today). However, it was 12.14 lakh crore in the morning. Whereas HDFC Group has a total market cap of Rs 13.72 lakh crore. The Tata group is number one in this case. Its total market cap has been Rs 14.27 lakh crore.
HDFC Group had a total market cap of Rs 10.94 lakh crore from October 1. While the market cap of Reliance Group was Rs 15.68 lakh crore. Tata group companies had a market cap of Rs 13.20 lakh crore.
Tata market cap increased by 1.07 lakh crore
Based on the data, while the market capitalization of Tata group companies increased by Rs 1.07 lakh crore during this period, the market cap of Reliance companies decreased to around Rs 3 lakh crore. The market cap of HDFC Group increased by Rs 2.78 lakh crore during the same period. Talking about the top companies of the three groups, the market cap of Reliance Industries Limited (RIL) has decreased by 3 lakh crores.
TCS has a market cap of 9.97 lakh crores
Tata Consultancy Services (TCS) has a market cap of Rs 9.97 lakh crore in the Tata group. Its market cap has increased by 50 thousand crores. Talking about HDFC Bank, its market cap is currently Rs 7.73 lakh crore. From October 1, its M cap has increased by Rs 1.61 lakh crore. By the way, the market capitalization of the total listed companies on the Bombay Stock Exchange (BSE) reached for the first time on Thursday against Rs 172 lakh crore.
HDFC has four listed companies
The major companies of HDFC are HDFC Bank, HDFC Limited, HDFC Mutual Fund and HDFC Life Listed. While Reliance Group holds RIL, Reliance’s PP shares, Hathway Cable, DEN Network, Network 18 etc. The Tata group consists of TCS, Tata Motors, Tata Chemical, Titan, Trent, Tata Consumer, Tata Communications, etc. Talking about Corona’s lockdown, RIL had a market cap of Rs 7.05 lakh crore on March 9, while TCS was at number 7 with Rs 7.40 lakh crore.
RIL’s market cap was 14.32 lakh crore in July
If we talk about the last week of July, on July 25, the total market cap of the RIL group was Rs 14.32 lakh crore. While HDFC Group had a market cap of 11.11 lakh crore and Tata Group had a market cap of Rs 11.27 lakh crore. All three hold 25% of the total market cap of BSE. That is, HDFC and Tata Group were behind about Rs 3-3 lakh crore from RIL.
16.50 Lakh Crore M Cap in September
By the way, on September 14, the total market cap of Reliance Group companies had exceeded 16.50 lakh crore. At that time RIL alone had a market cap of Rs 15.91 lakh crore on BSE. The market cap of the rights issue was 60 thousand crores. In that week, Reliance’s market cap had increased by Rs 2.5 lakh crore. After which Reliance reached number 44 among the most valuable companies in the world.
Reliance raised 47 thousand crores by selling stake in retail
However, Reliance Retail has raised more than Rs 47 thousand crore by selling more than 10% stake in retail in the same period. He made the first deal on 25 September and the last deal on 9 November. Meanwhile, Reliance’s stock has also fallen from Rs 2,369 to Rs 1,910 on the NSE. Whereas when the company raised Rs 1.52 lakh crore by selling stake in Jio, at the same time both its share and market cap reached the top.