Sunday , November 24 2024

16 new companies join Rs 1 lakh crore M cap club in 2024 |Live Updates,Unveiling the Latest India News Trends


At present, there is an atmosphere of excitement among the stock market players regarding the results of the Lok Sabha elections, but by May 18, 2024, the market capitalization of 16 companies will increase to Rs 200 crore. The figure of Rs 1 lakh crore has been crossed. The number of such M-cap companies was 74 at the end of 2023, which has now increased to 89 as one company, Shree Cement, has been kicked out of the club after falling by 8 per cent in this period. Review. companies that market

Cummins India, ABB India and Vedanta saw the biggest jump in capitalisation.

Rs. in 2024 Companies that have entered the Rs 1 lakh crore M cap club have outperformed the benchmark indices during this period. During this period, Sensex has increased by 2.4 percent and Nifty has increased by 3.6 percent, in comparison to which these 16 companies have given returns between 8 percent and 97 percent.