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HomeMarketStocksMarket cap of top 10 stocks equals 37% of India's GDP: Report

Market cap of top 10 stocks equals 37% of India’s GDP: Report

NEW DELHI: The market capitalisation of the highest 10 corporations is the same as 37% of India’s GDP, reveals Burgundy Private Hurun India 500 report launched on Thursday.

“The whole worth of the highest 10 corporations remained flat at Rs 72.0 lakh crore ($872 billion), equal to 37% of India’s GDP and 31% of the overall worth of the 2022 Burgundy Non-public Hurun India 500,” the report mentioned.

With a market cap of Rs 17.25 lakh crore, Mukesh Ambani-led

is India’s most valued firm, adopted by , , and .

The highest-10 membership additionally contains

, HDFC, , and .

The whole worth of the highest ten Most worthy Indian enterprises has elevated 262% prior to now decade, the report mentioned, including that 8 corporations have made it to the highest 10 over the previous decade. Notable exits from the unique membership embrace Solar Prescribed drugs and


“309 corporations within the record noticed their worth enhance within the final yr, of which 18 doubled in worth. 6 corporations rose by Rs 1 lakh crore, led by 4 Adani group corporations,” the report mentioned.

The most important gainers by way of absolute worth are Adani Group corporations – Adani Whole Gasoline is up Rs 2.3 lakh crore, adopted by Adani Enterprises, up Rs 2.1 lakh crore, , up Rs 1.7 lakh crore and , up Rs 1.4 lakh crore.

“The 2022 Burgundy Non-public Hurun India 500 misplaced Rs 1,78,965 crore in worth. The sectors that loved robust development are Vitality, Retail, Hospitality and Shopper Items. Software program and Providers sector was the toughest hit and cumulatively misplaced Rs 6 lakh crore over final yr,” Anas Rahman Junaid, MD and Chief Researcher, Hurun India, mentioned.

When it comes to development, the 2022 Burgundy Non-public Hurun India 500 was led by Kolkata-based

, adopted by and BillDesk.

By absolute worth, the most important gainers had been Adani Whole Gasoline, Adani Enterprises and Adani Transmission.

4 unicorns listed on exchanges had a tricky yr as they cumulatively misplaced Rs 2 lakh crore.

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