Para 68 of the Budget announcement of 2021, exactly 30 years after 1991, could be the beginning of the next round of financial sector reforms
Indian firms' market capitalisation grew at the fastest pace last year among major economies despite contraction in GDP, economists from SBI said, flagging the risks to financial stability it poses
Companies that have a market capitalisation of more than Rs 1 lakh crore at the time of listing can now sell just five per cent of their shares, with the latest amendment in rules, a move that will be beneficial for the government during the proposed initial public offer of LIC. Such entities will be required to increase its public shareholding to 10 per cent in two years and raise the same to at least 25 per cent within five years. The Department of Economic Affairs under the finance ministry has amended the Securities Contracts (Regulation) Rules. Yash Ashar, Partner & Head - Capital Markets at law firm Cyril Amarchand Mangaldas, said there were some concerns that diluting 10 per cent in very large IPOs (Initial Public Offers) in the future maybe very challenging. "With this amendment, companies which at listing will have a market cap greater than one lakh crore rupees will be able to restrict their offer size to 5 per cent (as compared to 10 per cent) and this will ensure more .
The market capitalization of Anil Ambani led Reliance Group has surged by over 1,000 per cent in less than 3 months.
The valuation of Infosys jumped Rs 24,628.79 crore to Rs 6,41,108.34 crore.
Shares recoup some losses after company, NSDL, FPIs deny report
Group's listed stocks' P/E of 102x over three times Sensex's 33x
Reliance Industries Limited, Tata Consultancy Services, Infosys, Hindustan Unilever Limited and Bajaj Finance were the gainers
The stock of the state-owned company surpassed its previous high of Rs 162.95, touched on February 26, 2021.
Coal India reported strong offtake in dispatches, with volumes at 55.1mt, registering a 37.6 per cent year on year (YoY) increase in May 2021.
Retail exuberance keeps stock markets going
The ratio of the value of all companies in the stock market to the size of the Indian economy is now in excess of 100 per cent
Only Hindustan Unilever and Bajaj Finance saw losses in their market capitalisation for the trading week closed on Friday
M-cap falls 11% in 2 weeks to Rs 1.32 trn, against watchmaker's Rs 1.41 trn
From the top-10 list, only Hindustan Unilever Limited witnessed a decline in its market valuation
Only Reliance Industries Limited and State Bank of India book gains on a weekly basis.
Only Reliance Industries Ltd and Infosys took losses in their market capitalisation for the week closed on Friday
The jump in market capitalisation in the past year is not matched by its financial performance
Market cap of top four steelmakers up 29% in April so far; demand from China is a strong tailwind
Only market among top 15 to see a fall; world m-cap has risen 4.2% in April