Market cap stands for the total market value of a firm’s outstanding shares of stock. Expanded as market capitalisation, it is calculated by multiplying the total number of a company’s outstanding shares by the present market price of one share.
Market cap is an important number to determine a company’s size. Since a company’s size is a very important characteristic of a company that interests the investors, the market cap of a company is calculated from time to time and analytically compared with those of other companies resembling its size. This list was updated on 7th Feb, 2023.
1. Reliance IndustriesWith a market cap of ₹1,563,887 crores Reliance Industries leads the Indian Industries with the highest market cap. The multinational conglomerate company is headquartered in Mumbai and engages in a range of businesses in the textiles, telecommunications, retail, natural resources, and petrochemical sectors.
2. TATA Consultancy ServicesWith a market cap of ₹1,266,031 crores, Tata Consultancy Services (TCS) is in the second position in the Indian industries list. TCS is an information technology (IT) services, business solutions, and consulting firm headquartered in Mumbai. TCS ranks among the global leaders in the IT services segment.
3. HDFC BankIn the third position with a market cap of ₹921,311 crores, HDFC Bank is among the leaders in the Indian financial and banking services firms. Incorporated in 1994, HDFC Bank was the first bank in India approved by the RBI to offer financial services in the private sector.
4. InfosysAt present, Infosys is valued at ₹660,879 crores in terms of the market value of the company, placing it in the fourth position among the
top 10 Indian firms. Founded in 1981, Infosys is a global leader in the IT services segment.
5. Hindustan UnileverHindustan Unilever has a market cap of ₹620,996 crores and is ranked the fifth among the
top 10 Indian companies in terms of market capitalisation. A leader in India’s fast-moving consumer goods (FMCG) segment, the company has a rich history of over 80 years. The company website says on any given day, nine out of ten Indian houses use the company’s products.
6. ICICI BankICICI bank’s market cap is ₹595,707 crores, and hence the firm is ranked in the sixth position among the largest Indian firms. ICICI bank provides a wide range of banking products and financial services to retail and corporate customers through its group customers and a variety of channels.
7. HDFCThe market cap of HDFC is ₹489,783 crores, and hence the entity is ranked in the seventh position among the top 10 Indian companies. Expanded as Housing Development Finance Corporation Limited, the Indian financial services company is Mumbai-based, with a presence in banking, general insurance, asset management, realty, education, deposits, venture capital, and others.
8. SBISBI, at eighth position, has a market of ₹486,703 crores. It is an Indian multinational, public sector banking and financial services statutory body with headquarters in Mumbai, Maharashtra.
8. ITC- ₹475,829 crores
10. Bharti AirtelThe market capital of Bharti Airtel is ₹447,656 crores at present and is ranked at the 10th position among the top 10 Indian companies. Headquartered in New Delhi, the company is amongst the top three mobile service providers in terms of subscribers, globally.
SEE ALSO:
Top 10 business women in India
Top 10 largest economies in the world
Top 10 Richest families in the India
Next Story
Sebi to boost disclosure norms; do away with permanent board seats for individuals
Here are the ten big income tax rule changes that will come into effect from April 1
Not just for OTT, people rely on digital to discover & engage with content across TV and movies: BCG-Meta Report
SPC Lifesciences files draft papers with SEBI for IPO
Sensex rallies 346 pts, Nifty near 17,100 on firm global markets
