1 lakh crore market cap. The number of owned companies increased from 28 to 47

MUMBAI: The market valuation of listed companies has risen sharply on the back of a historic rally in the stock market during the Corona crisis. The number of companies with a market value of Rs 1 lakh crore or more in the country has increased from six to seven this year. Adani Enterprise, Dabur, Godrej Consumer and JSW are among the new companies to join the club with a market cap of Rs 1 lakh crore in 2021. All the companies of the previous year have retained their place in the Rs 1 lakh crore marketcap club.

Market experts say that it is only natural that the market cap of Rs 1 lakh crore should expand due to continuous bullion in the market. Improvements in high frequency indicators, increase in participation of local institutional and small investors, as well as easy lending by the central banks of developed countries have led to renewed positivity in the local economic scenario. The participation of public sector companies in the Rs 1 lakh crore marketcap club has increased.

NTPC and BPCL have re-established their position in the club and Powergrid Corporation has also joined it. So far this year, the BSE PSU index has risen by 20.5 per cent, against which the Sensex has risen by 12.5 per cent. So the market cap of SBI, which is already involved in this club, has increased by 3% and that of ONGC by 3%.

Analysts say PSUs have made their mark in the Rs 1 lakh crore club because investors are looking at the possibility of betting on low-priced stocks. The Rs 1 lakh crore marketcap club includes five Adani Group and four Tata Group listed companies. Meanwhile, the market cap of TCS has increased by Rs 4.5 lakh crore, Infosys by Rs 3 lakh crore, Reliance Industries by Rs 1.5 lakh crore and Wipro by Rs 1.5 lakh crore.