market capitalisation – Artifex.News https://artifexnews.net Stay Connected. Stay Informed. Sun, 30 Jun 2024 05:37:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://artifexnews.net/wp-content/uploads/2023/08/cropped-Artifex-Round-32x32.png market capitalisation – Artifex.News https://artifexnews.net 32 32 Market Capitalisation of nine of top-10 most valued firms jumps ₹2.89 lakh crore; Reliance biggest winner https://artifexnews.net/article68351351-ece/ Sun, 30 Jun 2024 05:37:24 +0000 https://artifexnews.net/article68351351-ece/ Read More “Market Capitalisation of nine of top-10 most valued firms jumps ₹2.89 lakh crore; Reliance biggest winner” »

]]>

The BSE Sensex recorded the best monthly gain in June by climbing 7.14%. The Sensex breached the historic 79,000 mark on June 27.
| Photo Credit: Reuters

Nine of the top-10 most valued firms together added ₹2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a rally in equities. Last week, the BSE benchmark jumped 1,822.83 points or 2.36%.

The BSE Sensex recorded the best monthly gain in June by climbing 7.14%. The Sensex breached the historic 79,000 mark on June 27.

While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, Hindustan Unilever and ITC were the gainers, Life Insurance Corporation of India (LIC) emerged as the laggard.

The Market Capitalisation (mcap) of Reliance Industries jumped ₹1,52,264.63 crore to ₹21,18,951.20 crore. TCS added ₹34,733.64 crore taking its valuation to ₹14,12,845.09 crore.

The mcap of ICICI Bank soared ₹30,286.99 crore to ₹8,44,201.88 crore and that of Bharti Airtel surged ₹18,267.7 crore to ₹8,22,530.35 crore. The market valuation of Infosys climbed ₹14,656.3 crore to ₹6,50,602.10 crore and that of HDFC Bank zoomed ₹13,808.74 crore to ₹12,80,865.43 crore. State Bank of India’s valuation rallied ₹11,111.14 crore to ₹7,57,565.68 crore.

The mcap of Hindustan Unilever went up by ₹7,953.37 crore to ₹5,81,570.83 crore and that of ITC climbed ₹6,616.91 crore to ₹5,30,475.82 crore. However, the valuation of LIC tumbled ₹22,042.61 crore to ₹6,25,573.90 crore.

Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever and ITC.



Source link

]]>
SEBI changes rule to determine m-cap of listed firms; 6-month average to be used now https://artifexnews.net/article68199588-ece/ Tue, 21 May 2024 11:03:49 +0000 https://artifexnews.net/article68199588-ece/ Read More “SEBI changes rule to determine m-cap of listed firms; 6-month average to be used now” »

]]>

Representational image of the Securities and Exchange Board of India (SEBI) head office in Mumbai
| Photo Credit: Reuters

Markets regulator SEBI has revamped the method for calculating the market capitalisation of listed companies under the Listing Obligations and Disclosure Requirements (LODR) rules.

Instead of using the market capitalisation of a single day (currently March 31), listed companies will now use the “average market capitalisation” for a six-month period.

Market experts believe the market capitalisation of a listed entity keeps fluctuating on a daily basis based on market dynamics and, therefore, an average of market capitalisation figures over a reasonable period of time (six months) would more accurately reflect the market size of the listed entity and consequently the ranking, vis-a-vis its peers.

The changes came after a recommendation of an expert committee chaired by SEBI’s former whole-time member S.K. Mohanty in a bid to promote ease of doing business. The amendment aims to specify a defined period for calculating average market capitalisation.

The new amendment would come into force with effect from December 31, 2024, the Securities and Exchange Board of India (SEBI) said in a notification on May 17.

The ranking of compliance would be based on average market capitalisation from July 1 to December 31, with December 31 as the cut-off date.

After determining the market capitalisation on December 31, there would be a three-month transition period, or from the beginning of the immediate next financial year, whichever is later, before the relevant provisions become applicable.

Amending LODR norms, SEBI said, “Every recognised stock exchange shall, at the end of the calendar year i.e., December 31, prepare a list of entities that have listed their specified securities ranking such entities on the basis of their average market capitalisation from July 1 to December 31 of that calendar year”.

In case ranking of an entity changes for three consecutive years, the new provisions would cease to be applicable for the listed entity, providing relief to entities experiencing fluctuations in market capitalisation.

In addition, SEBI has given relaxation pertaining to filling up vacancies of key managerial personnel (KMP) with increasing the time limit to six months in certain cases from the current three months.

In cases where the listed entity is required to obtain approval of regulatory, government or statutory authorities to fill up such vacancies, these should be filled up by the listed entity at the earliest and in any case not later than six months from the date of vacancy, SEBI said.

In order to maintain uniformity, the timeline for prior intimation of board meetings has been harmonised to two working days for al types of events.

Current LODR regulations require a listed company to intimate stock exchanges about board meetings for certain proposals such as financial results, share buyback, fundraising, etc, within 2-11 working days.



Source link

]]>
Mcap of six of top 10 firms jumps ₹70,527.11 crore; Reliance Industries biggest gainer https://artifexnews.net/article67423423-ece/ Sun, 15 Oct 2023 11:00:36 +0000 https://artifexnews.net/article67423423-ece/ Read More “Mcap of six of top 10 firms jumps ₹70,527.11 crore; Reliance Industries biggest gainer” »

]]>

Reliance Industries remained the country’s most valued firm. File
| Photo Credit: REUTERS

The combined market valuation of six of the top 10 valued firms jumped ₹70,527.11 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer.

While Hindustan Unilever Ltd, Bharti Airtel, ITC, ICICI Bank and HDFC Bank were the gainers, Infosys, Tata Consultancy Services (TCS), State Bank of India and Bajaj Finance emerged as the laggards.

Last week, the BSE benchmark climbed 287.11 points or 0.43%.

The market valuation of Reliance Industries rallied ₹22,191.43 crore to ₹15,90,408.31 crore, the most among the top 10 firms.

Hindustan Unilever added ₹17,222.5 crore taking its valuation to ₹6,04,326.62 crore.

The valuation of Bharti Airtel jumped ₹16,953.01 crore to ₹5,36,035.96 crore and that of ITC climbed ₹7,607.26 crore to ₹5,59,071.10 crore.

The market capitalisation (mcap) of ICICI Bank rose ₹4,581.64 crore to ₹6,66,639.07 crore and that of HDFC Bank went up by ₹1,971.27 crore to ₹11,65,135.58 crore.

However, the valuation of Infosys tumbled ₹19,403.04 crore to ₹5,94,252 crore and that of Tata Consultancy Services plunged by ₹18,258.67 crore to ₹13,06,391.11 crore.

The mcap of State Bank of India (SBI) declined ₹16,019.67 crore to ₹5,14,191.52 crore and that of Bajaj Finance diminished by ₹7,137.72 crore to ₹4,87,746.65 crore.

Reliance Industries remained the country’s most valued firm followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, Bharti Airtel, State Bank of India, and Bajaj Finance.



Source link

]]>