The last few months have not proved to be good for Indian companies. During this period, the value of top companies of India has declined. According to a recent report, the value of India’s 500 largest companies has declined by more than 6 percent during October 2022 to April 2023.
The value of top-500 has decreased so much
According to Hurun India’s Burgundy Private Hurun India 500 report, the value of India’s 500 largest companies was Rs 227 lakh crore as on 30 October 2022, which came down to Rs 212 lakh crore in April 2023. In this way, the value of the country’s 500 largest companies declined by 6.4 percent during these six months.
These are the three most valuable companies
According to the report, Mukesh Ambani’s Reliance Industries is the largest private company in the country with a value of Rs 16.3 lakh crore. After that, TCS with a value of Rs 11.8 lakh crore and HDFC Bank with a value of Rs 9.4 lakh crore are in second and third place respectively. If you look at the top-3 companies, the value of Reliance has decreased in the last six months, while the value of TCS and HDFC Bank has increased. Six months ago, their value was Rs 17.3 lakh crore, Rs 11.6 lakh crore and Rs 8.3 lakh crore respectively.
they got huge profit
HDFC Bank, ITC and HDFC have benefited the most in these six months. The value of HDFC Bank has increased by Rs 1.1 lakh crore. However, Jindal Stainless has benefited the most in terms of percentage. Its value has increased by 213 percent in the last six months. In second place is Lloyd Metals & Energy, whose value has increased by 93 per cent. In terms of value, the value of HDFC Bank has increased by about 13 percent in this regard.
This much value of top-10 companies
The value of the country’s 10 largest companies has remained almost constant during the months under review. The value of these 10 companies is Rs 71.4 lakh crore, which is equal to 37 percent of India’s economy. At the same time, only 10 largest companies have a share of 34 percent in the total market capitalization of the country’s 500 largest companies.
Heavy loss to Adani’s companies
During this, Adani group companies have suffered the most. The Hindenburg Report has damaged the Adani group so much that not a single company is in the top-10. In the last list, Adani Group’s 2 companies Adani Enterprises and Adani Total Gas were in the top-10. During this period, the value of Adani Total Gas has reduced by 73.8 percent to Rs 1.04 lakh crore. The value of Adani Transmission has fallen by about 70 percent, while the value of Adani Green has decreased by 55 percent.
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