INVC NEWS
Mumbai : The stock market may be considered a volatile business, but there are many stocks in it which have proven to change the fortunes of their investors. One such share is that of Reliance Industries, the company of Asia’s richest man Mukesh Ambani, which made its investors an income of more than Rs 45,000 crore in just four days.
Last week proved to be very good for the Indian stock market. Market capitalization of seven of the top-10 companies listed on the Bombay Stock Exchange increased, while the market value of three companies declined. The mcap of seven profitable companies recorded a combined jump of Rs 67,259.99 crore and Reliance, included in this, has been at the forefront in terms of earning income for its investors. Let us tell you that BSE Sensex had gained 819.41 points or 1.12 percent last week. Reliance Industries’ market cap reached Rs 20.13 lakh crore
Due to the rise in the shares of Mukesh Ambani’s Reliance Industries, the market capitalization of the company increased to the level of Rs 20.13 lakh crore. According to this, in just four days of trading in the stock market, the wealth of investors who invested money in the company’s shares has increased by Rs 45,262.59 crore. Reliance shares had closed at the level of Rs 2970.30 on the last trading day of last week.
Apart from Reliance Industries, State Bank of India, Life Insurance Corporation of India and ICICI Bank were also ahead among the stocks that showered money on their investors. Market capitalization of SBI increased by Rs 5,533.26 crore to Rs 6,71,666.29 crore. Whereas LIC market cap increased by Rs 5,218.12 crore and it jumped to Rs 5,78,484.29 crore. Apart from this, ICICI Bank market cap increased by Rs 4,132.67 crore to reach Rs 7,69,542.65 crore. HDFC Bank, the country’s largest private sector bank, is among the seven companies whose market capitalization has increased in the last week.
The market value of HDFC Bank increased by Rs 4,029.69 crore to Rs 11,00,184.60 crore. The next number was Hindustan Unilever Company and the market cap of Hindustan Unilever increased by Rs 2,819.51 crore to Rs 5,32,946.04 crore. It is noteworthy that on Monday, the first trading day of last week, there was a holiday in the stock market on the occasion of Holi, while March 29 was Good Friday. On March 27, the Sensex rose 526 points to close at 72,996, while the Nifty also jumped 118 points to close at 22,123.
