Market cap of 13 companies exceeded Rs 1 lakh crore in current financial year, Adani Green leads in growth

The Indian stock market is trading at a record level, becoming the first choice of foreign investors in the emerging market. Last week, the Nifty and the Sensex gave investors 2–2% returns. It was the 10th consecutive week when the Sensex closed up. Market experts believe that the market is expected to grow further due to strong quarterly results.

Number of companies with market cap over one lakh crore rupees increased to 33

However, in the midst of this record boom, in FY 2021, the market cap of 33 companies has crossed Rs 1 lakh crore. The new companies include prominent names such as Tech Mahindra and Bajaj Auto.

Tech Mahindra’s market cap crosses Rs 1 lakh crore

Bajaj Auto’s market cap crossed Rs 1 lakh crore due to strong auto sales. The company’s total MCap stood at Rs 1.02 lakh crore after the market closed on Friday. Similarly, Tech Mahindra’s market cap has also gone up to Rs 1.01 lakh crore. The stock was up 5.64%. It is the 5th company in the IT sector with a market cap of over Rs 1 lakh crore. Apart from this, the market cap of TCS, Infosys, HCL Tech and Wipro is more than one lakh crore rupees.

Adani Group companies increase market cap the most

However, Adani Green Energy leads the market cap growth. Its MCap has grown by 562% to Rs 1.59 lakh crore in FY2020-21. Similarly, the market cap of Bajaj Finance has increased by 129.7% to Rs 3.06 lakh crore. The market cap of HCL Tech, Wipro, Infosys and Adani Port also increased by over 100%.

Given the strong domestic and global cues, brokerage houses are advising investors to buy. ICICI Securities has advised investors to invest in shares of HCL Tech, Axis Bank, NTPC, Shree Cement, TVS Motor and BhartiAirtel.