ICICI Bank now the second largest financial firm in terms of M-cap

ICICI bank efficiently claimed the spot as the second largest Finacial firm, by excelling HDFC

On 3 August, 2021 ICICI Bank has been ranked as the second largest Finacial firms in M-cap, surpassing HDFC Bank. It seems that ICICI bank efficiently claimed the spot as the second largest Finacial firm, by excelling HDFC, in terms of m-cap. This has propelled strong profits for India in the equity market, thus escalating the capitalist affairs (M-cap) of some heavyweights to advanced stature.

As structured by the BSE statistics, the m-cap for 21 stocks rounds upto be more than Rs 2 lakh crore each, whilst the current figure of 12 stocks estimates to have an M-cap of Rs 3 lakh crore. M-cap for 7 stocks variates to be for Rs 4 lakh crore each. As per the specifics given by the BSE, the top player of M-cap is RIL with Rs 13.23 lakh crore, followed by TCS (Rs 12.15 lakh crore), HDFC Bank (Rs 7.94 lakh crore), Infosys (Rs 7.04 lakh crore), HUL (Rs 5.62 lakh crore), ICICI Bank (Rs 4.78 lakh crore) and HDFC (Rs 4.61 lakh crore).

The universal marketplace capitalisation of BSE-indexed corporations jumped to Rs 240 lakh crore from Rs 237.7 lakh crore inside the previous consultation, making buyers richer by way of Rs 2.3 lakh crore in a single day.

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