Adani Transmission is 9th most valued firm by mcap; LIC out of top 10 club

Adani Transmission has entered the coveted list of top 10 most valued companies, with a market capitalisation (mcap) of Rs 4.43 lakh crore, and holds the ninth place in the overall ranking.

LIC
Photo: Bloomberg
Press Trust of India New Delhi
2 min read Last Updated : Aug 31 2022 | 12:30 AM IST

Adani Transmission has entered the coveted list of top 10 most valued companies, with a market capitalisation (mcap) of Rs 4.43 lakh crore, and holds the ninth place in the overall ranking.

On Tuesday, shares of the company jumped 3.05 per cent to settle at Rs 3,971.65 apiece on BSE. During the day, it rallied 4.87 per cent to hit its 52-week high of Rs 4,041.90.

The company commanded a market valuation of Rs 4,43,034.65 crore.

Shares of the company have jumped a whopping 129.19 per cent so far this year. In comparison, the BSE Sensex has climbed 2.20 per cent so far in 2022.

Reliance Industries Limited is the most valued domestic firm with a market capitalisation of Rs 17,85,412.57 crore, followed by TCS (Rs 11,75,140.94 crore), HDFC Bank (Rs 8,26,633.55 crore), Infosys (Rs 6,28,296.46 crore) and Hindustan Unilever (Rs 6,24,756.32 crore).

Next in the ranking is ICICI Bank which has a market valuation of Rs 6,18,012.83 crore, followed by State Bank of India (Rs 4,74,030.75 crore), HDFC (Rs 4,44,189.03 crore), Adani Transmission (Rs 4,43,034.65 crore) and Bajaj Finance (Rs 4,42,193.40 crore).

With this, Life Insurance Corporation (LIC) has moved out of the top 10 most valued companies club. It now ranks at the 11th place, with a mcap of Rs 4,26,020.22 crore.

Shares of LIC ended 0.54 per cent higher at Rs 673.55 apiece on the BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Life Insurance CorporationAdani TransmissionMarkets

First Published: Aug 31 2022 | 12:30 AM IST

Next Story