Adani Transmission is 9th most valued firm by mcap; LIC out of top 10 club | Mint
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Business News/ Companies / News/  Adani Transmission is 9th most valued firm by mcap; LIC out of top 10 club
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Adani Transmission is 9th most valued firm by mcap; LIC out of top 10 club

Adani Transmission grabs the 9th place in the list of most valued companies with a market capitalisation of ₹4.43 lakh crores

Adani Transmission 9th in the list of most valued companies (REUTERS)Premium
Adani Transmission 9th in the list of most valued companies (REUTERS)

Adani Transmission has entered the coveted list of top 10 most valued companies, with a market capitalisation (mcap) of 4.43 lakh crore, and holds the ninth place in the overall ranking.

On Tuesday, shares of the company jumped 3.05 per cent to settle at 3,971.65 apiece on BSE. During the day, it rallied 4.87 per cent to hit its 52-week high of 4,041.90.

The company commanded a market valuation of 4,43,034.65 crore.

Shares of the company have jumped a whopping 129.19 per cent so far this year. In comparison, the BSE Sensex has climbed 2.20 per cent so far in 2022.

Reliance Industries Limited is the most valued domestic firm with a market capitalisation of 17,85,412.57 crore, followed by TCS ( 11,75,140.94 crore), HDFC Bank ( 8,26,633.55 crore), Infosys ( 6,28,296.46 crore) and Hindustan Unilever ( 6,24,756.32 crore).

Next in the ranking is ICICI Bank which has a market valuation of 6,18,012.83 crore, followed by State Bank of India ( 4,74,030.75 crore), HDFC ( 4,44,189.03 crore), Adani Transmission ( 4,43,034.65 crore) and Bajaj Finance ( 4,42,193.40 crore).

With this, Life Insurance Corporation (LIC) has moved out of the top 10 most valued companies club. It now ranks at the 11th place, with a mcap of 4,26,020.22 crore.

Shares of LIC ended 0.54 per cent higher at 673.55 apiece on the BSE.

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This story has been published from a wire agency feed without modifications to the text.

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Published: 30 Aug 2022, 08:21 PM IST
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