new Delhi. For Mukesh Ambani and Reliance Industries, the bad phase of the last few months of the year 2020 is not going to end in the first month of the new year. First Mukesh Ambani was crowned the richest man in Asia. After that, ten of the world’s rich were left out of the list. Now the danger is looming over Reliance Industries. Reliance Industries has reduced its market cap considerably due to the continuous decline in shares. Tata Consultancy Services may soon be overtaken by Reliance. Let us tell you that last week, the market cap of 7 of the top 10 companies in the country has increased by Rs 1,37,396.66 crore.
Soon TCS can become the most valuable company
Tata Consultancy Services Company can become the most valuable company in the country in the stock market. The reason for this is the steady increase in shares of TCS, which has resulted in a rise in the market of the company by Rs 72,102.07 crore and the market cap of the company has increased to Rs 11,70,875.36 crore. The special thing is that the market cap of TCS is just 50 thousand crore rupees less than the market cap of Reliance, the current valued company of the country. Last week, Reliance’s market had reduced by Rs 34,296.37 crore and the market cap was reduced to Rs 12,25,445.59 crore.
Increase in market cap of companies
– Infosys’ market cap rose by Rs 21,894.28 crore to Rs 5,58,772.73 crore.
HDFC has come down to Rs 4,77,663.03 crore with a profit of Rs 15,076.62 crore.
– Bharti Airtel’s MCAP increased by Rs 13,720.73 crore to Rs 2,94,736.49 crore.
– ICICI Bank’s MCAP increased by Rs 10,054.48 crore to Rs 3,74,253.88 crore.
HDFC Bank’s MCAP rose by Rs 3,855.36 crore to reach Rs 7,88,613.86 crore.
Fall in market cap of these companies
Apart from Reliance’s market, Bajaj Finance decreased by Rs 12,024.63 crore to Rs 3,06,156.55 crore.
Kotak Mahindra Bank’s MCAP declined by Rs 4661.65 crore to Rs 3,90,253.33 crore.