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Market at record level after election results, who benefited from Tata instead of Ambani?

Sagar Patel

By Sagar Patel

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The country’s top 10 companies made huge profits after June 4.

June 4, 2024 was election results day. This day was nothing short of a nightmare for stock market investors. A 6 percent drop was observed in this stock market. Investors had suffered huge losses. More than two weeks have passed since then. The Sensex has not only crossed the 77k mark but is also desperate to reach the 78k level. In such a situation, how much profit have the country’s top 10 companies made during this period? It is very important to see this.

From Reliance Industry to TCS and HDFC Bank, they suffered huge losses on June 4. Have all these companies recovered? After all, is there any company that was profitable on the day of the election results, but suffered losses two weeks later? TV9 Bharatvarsha analyzed the data of the country’s top 10 companies and tried to understand how much profit each company has made.

What profit does Reliance Industries make?

A good recovery has been seen in the shares of the country’s largest company, Reliance Industries. On June 4, the company’s shares closed at Rs 2,793.60 and on June 20, the company’s shares reached Rs 2,946.40. During this period, the company’s shares have seen an increase of about 5.5 percent. If we talk about market capitalization, the market capitalization of the company on June 4 was Rs 18,90,097.56 crore, which increased to Rs 19,93,479.19 crore on June 20. This means that during this period the market capitalization of the company has increased by Rs 1,03,381.63 crore.

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TCS also benefited

After June 4, shares of the country’s largest IT company, Tata Consultancy Services, rose by about 2 percent. When the stock market closed on June 4, the company’s shares closed at Rs 3,715.80. On June 20, the company’s shares rose to Rs 3,786.60. If we talk about the market capitalization of the company, an increase of Rs 25,616.06 crore has been observed. The market capitalization of the company was Rs 13,44,408.96 crore on June 4, which increased to Rs 13,70,025.02 crore on June 20.

HDFC Bank stands to benefit the most

The biggest increase has been seen in shares of the country’s largest private lender. From June 4 to 20, the company’s shares increased by 12.56 percent. This means that during this period the company’s shares have increased from Rs 1,482.75 to Rs 1,669. If we talk about market capitalization, it was Rs 11,28,094.33 crore on June 4, which has increased to Rs 12,69,795.61 crore. This means that the market capitalization of the company has seen an increase of Rs 1,41,701.28 crore.

What are Bharti Airtel’s numbers like?

On the other hand, a recovery has been seen in the shares of Bharti Airtel, the country’s largest listed telecom company. From June 4 to June 20, the company’s shares rose from Rs 1,306.60 to Rs 1,381.15. This means that the company’s shares increased by 5.70 percent. During this period, the market capitalization of the company increased from Rs 7,43,569.48 crore to Rs 7,85,994.94 crore. This means that the company’s mcap has made a profit of Rs 42,425.46 crore.

How much profit does ICICI Bank make?

On the other hand, shares of the country’s second largest private lender ICICI Bank have also seen a rise. The company’s shares were at Rs 1,073.20 on June 4, which increased to Rs 1,156.80 on June 20. This means that the company’s shares have seen an increase of 7.78 percent. There has been an increase of Rs 58,812.52 crore in the market capitalization of the company during this period. According to the data, the company’s mcap has increased from Rs 7,54,995.17 crore to Rs 8,13,807.69 crore.

SBI also made a huge profit

There has also been a good rise in shares of State Bank of India, the country’s largest government lender. From June 4 to June 20, the company’s shares rose from Rs 775.20 to Rs 843.80. This means that the company’s shares have seen an increase of 8.84 percent. If we look at the market capitalization, the company made a profit of Rs 61,222.84 million. The market capitalization of the company has increased from Rs 6,91,835.91 crore to Rs 7,53,058.75 crore during this period.

Tremendous increase in Infosys market capitalization

Talking about Infosys, the country’s largest IT company, the company’s shares rose from Rs 1,394.40 on June 4 to Rs 1,515.30 on June 20. This means that the company’s shares have seen an increase of 8.67 percent. According to the data, the market capitalization of the company also increased from Rs 5,78,940.27 crore to Rs 6,29,136.69 crore during this period. That means there has been an increase of Rs 50,196.42 crore in the company’s market capitalization.

LIC is no less than anyone

Shares of LIC, the country’s largest insurance company, fell from Rs 925.75 to Rs 1,027.80 from June 4 to June 20. During this period, investors in the company experienced an increase of 11.02 percent. The LIC market increased from Rs 5,85,536.65 crore to Rs 6,50,083.26 crore during this period. This means that the company has made a profit of Rs 64,546.61 million.

How much profit did Hindustan Unilever make?

On the other hand, Hindustan Unilever, one of the largest consumer goods companies in the country, is the only one among the top 10 companies whose shares have seen a decline. From June 4 to June 20, the company’s shares fell from Rs 2,496.20 to Rs 2,481.80. If we talk about the market capitalization of the company, it came down from Rs 5,86,504.97 crore to Rs 5,83,121.56 crore. This means that the company has suffered a loss of Rs 3,383.41 million.

ITC also remained profitable

Shares of ITC, which is among the country’s top 10 companies, also rose. From June 4 to June 20, the company’s shares rose 1.91 percent from Rs 415.40 to Rs 423.35. If we talk about market capitalization, during this period it increased from Rs 5,18,615.32 crore to Rs 5,28,540.68 crore. This means that the market capitalization of the company has seen an increase of Rs 9,925.36 crore.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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