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- Mukesh Ambani RIL Market Cap | Is Equal To Half Of Nifty 50 Company; TCS INFOSYS HCL, WIPRO Total Market Cap
MumbaiOne hour agoAuthor: Ajit Singh
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- Apple contributes 11 percent to the growth of the US market, while RIL contributes 43 percent in the BSE Sensex.
- A year ago, RIL's weightage in SENSEX was 10 percent, now it has increased to 17 percent.
Mukesh Ambani's company Reliance Industries (RIL) continues to grow in the share market. Combining the market capitalization of Reliance Industries and its rights issue, Reliance PP breaks many records. Its market cap is higher than the total M cap of TCS, Infosys, HCL and Wipro. It is equivalent to half of Nifty's top-50 companies.
On Wednesday, RIL's stock reached Rs 2,369 on the Nifty. Its Partially Paid (PP) share reached Rs 1,470. This is the highest level of both.
14.85 lakh crore rupees on RIL's M cap Nifty
On Wednesday, Reliance Industries had a market cap of Rs 14.85 lakh crore in the Nifty, while its PP share reached a market cap of Rs 62 thousand crore. In this way, the market cap of both was Rs 15.47 lakh crore. Bank index of Nifty has a total market cap of Rs 11.95 lakh crore. That is, only RIL's market cap is more than Nifty Bank.
34 million crore excluding M cap RIL of Nifty-50 companies
The market cap of Nifty 50 companies is Rs 48.96 lakh crore. If you remove the market cap of RIL and its PP, then the total market cap becomes close to Rs 34 lakh crore. In this case, the market cap of RIL and its PP shares is Rs 15.47 lakh crore. This means that it is almost half of the total market capitalization (M cap) of Nifty 50 companies.
RIL's M cap over 40 companies of Nifty Next 50
Similarly, if you look at the market capitalization of 40 companies of Nifty Next 50, then Reliance has more market cap. The 40 Nifty Next 50 companies have a total market capitalization of Rs 15.40 lakh crore. While RIL and its PP have a market cap of Rs 15.47 lakh crore. Not only this, even if the market capitalization of the world's three IT companies is included, Reliance is ahead of those companies.
RIL ahead of TCS, Wipro and Infosys
For example, on Wednesday, the Tata group's IT company on the Nifty and another big company TCS's M cap in terms of market cap in the country has been Rs 9.33 lakh crore. The second IT company Infosys has a market cap of Rs 4.21 lakh crore and Wipro Rs 1.76 lakh crore. All these have a market capitalization of Rs 15.30 lakh crore. 10 thousand crore rupees more than them and M cap of PP.
Reliance PP alone ahead of Tata Motors and Tata Steel
Even if Reliance Industries is separated, Reliance PP alone has set a record. Its market cap reached Nifty at Rs 62 thousand crore. Whereas if you look at the Nifty giants, it has more market cap than them. For example, Tata Motors has a market capitalization of Rs 47,700 crore. Tata Steel has a market cap of Rs 45,777 crore.
Shares up 55 percent since January
Since January this year, Reliance Industries shares have seen a growth of nearly 55 percent. However, it has increased by 1.56 times as compared to March. When compared to that time, Reliance has now overtaken the market cap of 83 listed government companies in the country. All these have a market cap of Rs 15.30 lakh crore while Reliance and PP shares have a market cap of Rs 15.40 lakh crore.
Earlier this year, the market cap of government companies was Rs 19 lakh crore, while RIL had a market cap of just Rs 9.6 lakh crore.
M cap Reliance more than government companies on BSE
However, the market cap of Reliance alone on BSE is higher than these government companies. Reliance's share alone is more than 15.77 lakh crore based on BSE. If we add PP's market cap, the total valuation will be more than 16.30 lakh crore. On Wednesday, RIL's stock was trading at an all-time high of Rs 2,368 on the BSE. Reliance's market cap is currently close to 9.5 percent of the total listed companies in the market.
RIL shares have been under-performing for almost 10 years
Although the stock of Reliance Industries is currently giving benefit to investors, but from 2007 to 2019, its stock has underperformed. That is, its stock ran between 800 and 1100 rupees. But after the stake sale in Jio Telecom, this stock created a new level every week. Now it is creating new levels by selling stake in retail. Close to this is TCS. Its M cap is still about 7 lakh crores behind.
The country's largest bank SBI may be a bank with assets of Rs 40 lakh crore, but it still stands at Rs 1.80 lakh crore in market cap.
BSE contributes most to growth
By the way, if we look at the BSE Sensex's gains from March 23, it is found that Reliance Industries alone has a contribution of about 43 percent in this growth. In the world's major US market, the largest company Apple contributed only 11 percent. Facebook, Google, Netflix and Amazon contributed 22 percent. A year ago, RIL's weightage in SENSEX was 10 percent. Now it is 17 percent.