Stocks – A market capitalization of more than one lakh crore is a significant achievement for listed companies. Since last Diwali, nine companies have accomplished this, demonstrating their tenacity in a volatile market.
On September 1, Bharat Electronics’ market capitalization surpassed one lakh crore. After hitting a one-year low of 87 in March, the shares have rebounded strongly to the current level of 137.95, representing a 52% increase.
During this time, Bharat Electronics’ market capitalization increased from 63,595 crore to 1,00,838 crore. The stocks strong rally was primarily attributed to the company’s strong financial performance and order wins.
BEL is a Navratna PSU under the Government of India’s Ministry of Defence. The company develops cutting-edge electronic products and systems for the Army, Navy, and Air Force.
Varun Beverages, India’s second-largest bottling company, has also surpassed the one lakh crore mark in market capitalization. In the last year, the company’s market capitalization has increased from 56,251 crore to the current value of 1,30,169 crore. On May 10, the company’s market capitalization surpassed one lakh crore.
The company’s shares, which first appeared on the secondary market in 2016, have never looked back, setting new highs year after year and remaining resilient to market fluctuations, economic downturns, and industry disruptions.
After finishing its first year on the market in the red, the stock surged 72% the following year (CY17). This upward trend continued in fiscal years 2018, 2019, and 2020, with gains of 20%, 36%, and 30%, respectively.
The stocks upward trend continued in CY21 and CY22, with returns of 45% and an impressive 124%, respectively. The stock has already increased by a significant 51.61% this year. On November 8, the stock reached a new high of $1,024 per share.
Similarly, InterGlobe Aviation, the parent company of the country’s largest airline, IndiGo, became the first Indian airline to achieve a market capitalization of one lakh crore on June 28.
On June 19, Bank of Baroda, a leading PSU bank, also joined the 1 lakh crore m-cap club when its share value reached 193.15 per share. When the stock reached its highest price of 219.6, its market capitalization reached 1,13,473 crore.
On September 11, another PSU, Indian Railway Finance Corp. (IRFC), achieved a market capitalization of over 1 lakh crore as its stock price reached an all-time high of 92.35 per share.
On May 3, 2023, Hindustan Aeronautics Ltd., a public-sector enterprise with Navaratna status administered by the Indian government’s Ministry of Defence, reached the one lakh crore m-cap.
Cholamandalam Investment & Finance Company, a subsidiary of the Murugappa Group, joined the one lakh crore club on September 15 after its stock crossed the 1,215 mark. The stock delivered a massive return of 54.71% in the last year, and a multi-bagger return of 277% and 339.71% in the last three and five years, respectively.
On November 7, 2022, Britannia Industries, one of the country’s leading food product companies, reached the one lakh crore m-cap mark. The company’s market capitalization is currently 1,12,054 crore. On June 12, the company’s shares crossed the 5,000 mark for the first time, and in the following trading, they set a new historic high of 5,270 per share.
IndusInd Bank, India’s fourth largest private sector bank, saw its shares perform exceptionally well over the past year, propelling the company’s market capitalization to more than 1 lakh crore on May 28 of this year.
