Skip to main content

Featured Post

How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
Post a Comment

India's largest market cap company | Reliance Industries' market capitalization crosses Rs 14 lakh crore


India's largest market cap company Reliance Industries' market capitalization crosses Rs 14 lakh crore



The market capitalization (market cap) of Reliance Industries crossed the Rs 14 lakh crore mark during trading on Friday. During the business, the company's stock rose to an all-time high of four per cent. The market capitalization of the company's separately listed partially paid-up shares is Rs 53,821 crore. Thus, the total market capitalization of the company now stands at Rs 14,07,854.41 crore.

 

Shares of the country's most valuable company rose 4.32 per cent to Rs 2,149.70 on the BSE. This is its all-time high level. This brought the company's market capitalization to Rs 13,54,033.41 crore on the BSE. The company's stock rose 4.47 per cent to its all-time high at Rs 2,149.90 on the National Stock Exchange.

 

The 10 largest companies in the country in terms of market cap

Company

Market Capital (Lakh Crore Rupees)

Reliance Industries

14.4

TCS

8.0

HDFC Bank

6.0

Hindustan Unilever Limited

5.0

Infosys

3.9

HDFC

3.2

Bharti Airtel

3.0

Kotak Mahindra Bank

2.67

ITC

2.44

ICICI Bank

2.3

 

 

With the market valuation of Reliance Industries crossing Rs 13 lakh crore, it has become the world's 48th most valuable company. The market valuation of Reliance exceeds Chevron's market capitalization of $ 170 billion. The rankings of Unilever, Oracle, Bank of China, BSP Group, Royal Dutch Shell and Soft Bank are also below Reliance. Reliance is in the top 10 in Asia. China's Alibaba ranks seventh worldwide. Apart from Reliance, the top 100 includes Tata Consultancy Services, another company from India. TCS has a market capitalization of Rs 8.14 lakh crore.



Labels:

Comments

Post a Comment

Popular posts from this blog

Know All About Sovereign Gold Bond Scheme (SGB)

    The first time Sovereign Gold Bond Scheme was first introduced by the Government of India in the Union Budget of 2015-16. It was introduced by the Government of India to reduce the demand for the physical gold form and a part of this physical gold is bought every year in the form of gold bands for the purpose of invest in SGB.   Latest on Sovereign Gold Bond Scheme    A tenth tranche of the buy SGB Series – The Sovereign Gold Bond Scheme 2021-22 - Series X in which the Reserve Bank of India (RBI) sell gold bonds linked to the market price of gold on behalf of the government made available for investment will be open for buy SGB for the period from February 28th to March 4th.   What is Sovereign Gold Bond?   The Sovereign Gold Bond is an initiative taken by the Government of India to reduce the demand for physical gold as per the Reserve Bank of India as the increasing import of gold is affecting the growth and investment of India. Large quantities ...
Post a Comment
Read more

Know that senior citizens get many special concessions in income tax

  People above 60 years of age, i.e., senior citizens, not only get the benefit of income tax exemption but also receive special relief from income tax on investments and returns. Elderly citizens do not have to pay any income tax on income up to Rs 3 lakh.   Exemption in tax limit under 80C limit: The tax exemption limit for old citizens in a financial year is Rs 3 lakh, while a common man gets tax exemption only up to Rs 2.5 lakh. For very senior citizens who are above 80 years of age, it is Rs 5 lakh. That is, if the annual income of a senior citizen is up to Rs 3 lakh and TDS has not been deducted, then he need not file an income tax return. Similarly, very senior citizens need not file income tax returns if they do not have an annual income up to Rs 5 lakh.   If the age is more than 75 years then no return is required: Those above 75 years of age are not required to file tax returns. There is no any need to file ITR for people above 75 years of age who are ...
Post a Comment
Read more

SEBI introduces a new category of funds flexi-cap in mutual funds

  Securities and Exchange Board of India (SEBI) has introduced a new fund category, Flexi-cap, in mutual funds. According to the circular, mutual funds in this category need to invest at least 65 per cent of the portfolio in equities. However, there is no restriction in terms of allocation to market capitalization range and they can dynamically shift across large-cap, mid-cap and small-cap. So, effectively, the new category of the fund in a mutual fund is how SEBI used to define the multi-cap category until it changed the category's mandate.   On September 11, 2020, SEBI issued a circular informing about the change in the mandate of the multi-cap fund's category. According to the new guidelines of SEBI, multi-cap funds need to allocate 25 per cent of the portfolio to each-large-cap, mid-cap and small-cap stocks, increasing the minimum equity allocation to 75 per cent. AMC has been given time until January 2021 to make the required changes in the portfolios of their multi-c...
Post a Comment
Read more