Companies that recorded a top lead among the mid-sized business groups included Naveen Jindal (up 309 percent) and Motherson Sumi (up 231 percent).
The Adani Group’s Consolidated Market Cap (Market Cap) increased by 500 percent to 6.7 lakh crore since March last year. While the market cap of Tata, HDFC and Reliance increased by 90%, 72% and 89% only.
- Last Updated:April 2, 2021, 2:52 PM IS
According to the Business Standard report, the integrated market capitalization of the top listed companies increased by 79.6 per cent during the last 12 months. While the market capitalization of the top three business groups – Tata, HDFC and Reliance, increased by 90 per cent, 72 per cent and 89 per cent respectively during this period. The analysis is based on samples from 1,056 companies included in the BSE 500, BSE Midcap and BSE Smallcap indices. The integrated market capitalization of these companies was recorded at Rs 196 lakh crore, which is about 95 percent of the market capitalization of all the companies listed on the BSE. In the Business Standard sample, the same companies whose market capitalization of the group was more than Rs 1 lakh crore as on March 30. Due to this, many business groups with medium size and single company were removed from the list.
Also Read: Job Ki Baat: Work From Home Demand For New Jobs Like Wellness Officer Or Employee Experience And Communication
Adani gained the most because Adani Group’s performance on the stock exchange was mainly supported by its solar energy business Adani Green Company. During the last 12 months, the market capitalization of the company increased by seven and a half times to 1.8 lakh crore rupees. It was Rs 24,000 crore a year ago. The market capitalization of Adani Total Gas, the top performing company in the group, has registered a 10-fold increase since the end of March last year. The market capitalization of the company has now been Rs 1 lakh crore, which was 9,500 crore rupees a year ago. This is the reason why the market capitalization of loss-making Adani Power has also registered a growth of more than three times during the last 12 months. Given the Adani Group’s ability to capitalize on the potential in the country’s infrastructure sector, investors have expressed considerable confidence.
Also read: Imran government’s Utern, Pak will not import sugar-cotton from India, this is the reason
JSW Group second and Hinduja Group third
During the last 12 months, JSW Group stood second after Adani Group on the increase in market capitalization. The market capitalization was boosted by a huge jump in the shares of the group’s flagship company JSW. JSW Steel was among the top performing stocks in the index last year. Its market capitalization registered a growth of 212 per cent during the last 12 months. The company got a boost from the rise in steel prices after the lockdown. The Hinduja group stood at the third position in the list of the groups that recorded the largest increase in market capitalization during the last financial year, which was strengthened by IndusInd Bank. The market capitalization of the bank has increased nearly 3 times since the end of March last year. Other companies in the group that recorded growth included Ashok Leyland (164 per cent) and Hinduja Global (249 per cent).
ALSO READ: Investment Strategy: If you adopt this method of investment in the beginning of the new year, you will be rich, know everything
Jindal tops mid-size business groups
Among the companies that recorded the top rise in mid-sized business groups, Naveen Jindal (up 309 percent), Motherson Sumi (up 231 percent), Eicher Group (up 102 percent), Divis Laboratories (up 80 percent), Havells India (up 102 per cent), etc.