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28/07/2020

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Web ExclusiveRIL now accounts for 10% of all BSE-listed companies' combined market cap
By Deepak Korgaonkar and Puneet Wadhwa | Mumbai / New Delhi | Last Updated at July 27 2020 14:45 IST

Topics RIL stock | Reliance Industries | Markets Sensex Nifty



RIL Chairman Mukesh Ambani
Reliance Industries (RIL) has dominated the Indian equity markets with its share in the total market capitalisation (market-cap) of all BSE listed companies nearly doubling in the past two years. Mukesh Ambani-controlled company saw its combined market-cap (partly and fully paid shares) hitting the Rs 14.38 trillion mark at the bourses on Monday. With this, RIL accounted for 9.8 per cent of the total market-cap of BSE listed companies of Rs 147.23 trillion.
Thus far in the calendar year 2020 (CY20), RIL’s market-cap has surged 49.8 per cent, or Rs 4.77 trillion, from Rs 9.59 trillion on December 31, 2019. In comparison, the S&P BSE Sensex has lost 7.7 per cent so far in CY20 with the combined market-cap of listed companies slipping 5.3 per cent during this period.
On December 31, 2014, RIL accounted for 2.9 per cent of the total BSE listed companies market-cap of Rs 98.36 trillion. Since then, the company’s market-cap jumped nearly five-fold from Rs 2.88 trillion. With the stock more than doubling since its March 2020 lows, RIL has further fortified its position in the S&P BSE Sensex with the counter now accounting for nearly 16.7 per cent of the index’s weight. In CY20 beginning, its weight in the Sensex was 10.8 per cent

04/02/2020

Shares of multinational companies such as Hindustan Unilever, Nestle India and Britannia rallied 4-5 percent on February 3 after the abolition of dividend distribution tax (DDT) in the Budget.

Finance Minister Nirmala Sitharaman, in her Budget speech, said to remove the cascading effect, she proposed to allow deduction for the dividend received by holding company from its subsidiary. "The removal of DDT will lead to estimated annual revenue forgone of Rs 25,000 crore," she said.

At present, companies are required to pay DDT on the dividend paid to its shareholders at the rate of 15 percent plus applicable surcharge and cess in addition to the tax a company pays on its profits.

01/01/2020

Happy new year

08/10/2019

Happy Dussehra

05/08/2019

Congratulations to all...

08/07/2019

NEW DELHI: Benchmark equity indices opened weak on Monday, as Dalal Street continued to react to Budget fine prints even as stronger jobs data in the US dashed hopes of aggressive rate cuts by the US Fed and geopolitical tensions in West Asia triggered a spike in crude oil prices, driving the rupee lower.
Asian markets fell up to 2 per cent on fears that foreign inflows may ebb. For the domestic market, concerns over another fraud at PNB and proposed revision in minimum shareholding norms weighed on investor sentiment.
Money managers and heads of research at domestic brokerages in an ET poll said Nifty is likely to see limited upside or could possibly drift lower by Diwali. At 10.47 am, BSE Sensex traded 480.34 points, or 1.22 per cent, lower at 39,033.05. NSE barometer Nifty50 fell 150.95 points, or 1.28 per cent, to 11,660.20.