Hindustan Zinc Joins 1-Lakh Crore M-Cap Club; Stock Hits Record High

Tuesday, October 4, 2016
22
Separator
25
Separator
48
Separator
9
Separator
Print Print Email Email

NEW DELHI: Hindustan Zinc’s market valuation today crossed record Rs.1 lakh crore mark today, helped by a sharp rally in its stock price.

The market capitalisation (m-cap) of the Vedanta Group firm rose to Rs.1,07,640 crore.

The stock jumped 9.22 pct to settle at Rs.254.75 on BSE. During the day, it zoomed 12.66 pct to Rs.262.80 – its 52-week high.

At NSE, shares of the company surged 9 pct to end at Rs.254.45.

On the volume front, 6.48 lakh shares of the company were traded on BSE and over 70 lakh shares changed hands at NSE during the day.

The stock has gained in seven of eight trading sessions, surging nearly 16 pct. So far this year, the stock has gained nearly 74 pct.

TCS is the most valued Indian company with a market capitalisation of Rs.4,75,227.81 crore, followed by RIL (Rs.3,53,628.14 crore), HDFC Bank (Rs.3,27,584.87 crore), ITC (Rs.2,92,947.29 crore) and Infosys (Rs.2,38,388.40 crore).

There are at least 25 companies with over Rs.1 lakh crore market valuation.

In the broader market, the Sensex today jumped over 377 points — its biggest single-day gain in about a month — to end at 28,243.29.

Read Also:
A Broader Picture into the BRICS Bond Market
BNP Paribas Long Term Equity Fund Growth/Dividend


Source: PTI
Write your comment now
Submit Reset
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit
SPOTLIGHT
Previous
Next