Every company operating in India puts much effort into improving their goods and services' caliber and customer satisfaction. A company's rating is usually determined by several variables, such as its assets, revenues, earnings, sales, market price, share price, etc.
But when evaluating a company's size, its market capitalization is among the most crucial factors.
We can determine the company's position in the share market based on its market capitalization.
What is Market Capitalization?
Market capitalization is a company's entire valuation based on its current share price & the total number of outstanding stocks. It is useful to categorize companies into categories like large-cap, mid-cap, and small-cap firms. Large-cap stocks are firms with a market capitalization of at least Rs 28,500 crore. Mid-cap stocks & small-cap companies are defined as having a market capitalization of between Rs 8,500 crore & Rs 28,500 crore, respectively.
You cannot determine a company's size only by examining its share price, as it also depends on the number of outstanding shares.
This article will examine the top ten Indian firms on the share market based on their latest market value.
| Top Companies | Category | Market Cap (Rs. Cr) | Current Price |
|---|---|---|---|
| Reliance Industry Ltd | Oil and Gas | 1,643,790 | 2,429 |
| Tata Consultancy Services | Information Technology | 1,249,200 | 3,414 |
| HDFC Bank | Financial | 932,795 | 1,672 |
| Infosys | Information Technology | 651,326 | 1,547 |
| Hindustan Unilever Ltd (HUL) | Household & Personal Products | 610,376 | 2,597 |
| ICICI Bank | Financial | 608,169 | 700 |
| State Bank of India (SBI) | Financial | 535,878 | 2,740 |
| Housing Development Finance Corporation (HDFC) | Insurance | 500,597 | 871 |
| Life Insurance Corporation (LIC) | Financial | 443,192 | 5,865 |
| Bajaj Finance | Financial | 355,084 | 600 |
1. Reliance Industry Ltd
RIL is a Mumbai-based Indian multinational corporation led by Mukesh Ambani. In the 1960s, Dhirubhai Ambani & Champaklal Damani jointly founded Reliance Commercial Corporation.
In India, Reliance owns operations in the telecoms, petrochemicals, textile, natural resources, and energy sectors. Reliance is one of India's most successful companies. Its marketing and refining activities comprise around 25 percent of India's total capacity for refining, and the company is the dominant force in the country's polyester market.
This company is listed on the Bombay & National Stock Exchanges of India. The company has maintained consistency for many years and is often a top pick for stock investors. RIL has a market value of Rs.1,643,790 crores.
2. Tata Consultancy Services Ltd
TCS is a multinational Indian IT service & consulting firm based in Mumbai. The Tata Group segment employs people in 149 sites throughout 46 nations.
TCS is India's largest IT corporation and the second-largest Indian company in terms of market value. TCS is currently one of the world's most valued IT services brands. TCS has made large R&D investments with a focus on innovation. It has built research facilities in the US and India to create new technologies and solutions.
TCS is a favorite among stock traders and the world's most valuable IT services brands. It has been listed on the BSE and NSE since 2004. TCS has a market capitalization of Rs. 1,249,200 Crores.
3. HDFC Bank
HDFC Bank is an Indian banking & financial services firm founded in 1994 and headquartered in Mumbai.
The bank has 4,963 branches & 13,160 ATMs dispersed around the country in 2,727 cities/towns. The bank's asset base is solid, with a high capital adequacy ratio and a low ratio of non-performing loans. The bank is well-positioned to capture both the rate, squeeze rate markets, squeeze out credit for NBFCs, and consolidate PSU Banks. It is India's biggest private bank. By assets & market value, it is India's largest private-sector lender.
It has a market value of Rs. 932,785 crores.
4. Infosys
A multinational company based in India, Infosys Limited provides business consultancy, information technology, and outsourcing services. It was founded in 1981. Its corporate headquarters are in Bangalore, Karnataka, India, and it is the country's second-largest IT corporation after Tata Consultancy Services. A significant contract that the firm has received offers moderate revenue projections for the current fiscal year. The firm is set to maintain its pace of significant agreements in the financial year due to a strong deal pipeline and investments in sales and marketing. As a result, India's second-largest corporation sees a sweet spot in one's portfolio for the medium to long term.
Infosys has a market value of Rs. 651,326 Crores.
5. Hindustan Unilever Ltd
In 1933, Hindustan Unilever Limited was established. It is a manufacturing firm with its headquarters in Mumbai. Foods, drinks, household cleaners, cosmetics, water purifiers, & consumer items are among its products. Over 18000 people work for the company, which includes 35 product names across 20 categories. Despite being a private company, HUL strives to maximize its beneficial influence on all stakeholders through corporate social responsibility programs.
The firm continues to be a top choice in the industry due to its strong volume growth compared to competitors and superior profitability growth compared to past performance.
Hindustan Unilever has a market capitalization of Rs. 610,376 Crores.
6. ICICI Bank
ICICI Bank is a global Indian banking & financial services corporation based in Mumbai with its headquarters in Vadodara. In investment banking, life & non-life insurance, venture capital, & asset management, it provides various financial services & banking products.
ICICI Bank operates in 17 countries and has 5,275 branches and 15,589 ATMs located around the nation. With the resolution of stressed assets and a pick-up in growth, ICICI's operating performance is improving and exhibiting indications of profit normalization. One might assume that the credit cost will decline as asset quality stabilizes, sustaining the return ratios. So, the stock can be viewed from a long-term perspective. It has a market capitalization is 608,169.
7. State Bank of India (SBI)
SBI is a public sector banking & financial services statutory entity with headquarters in Mumbai and a multinational company. SBI holds a market share of 23% based on assets and 25% of total loans and deposits.
SBI has 62,617 ATMs & more than 22,000 branches. One of the top choices in the PSU sector is the bank. It frequently appears on lists of Indian companies with the highest market caps. The State Bank of India now ranks among the top 10 Indian firms with a market capitalization of Rs. 535,878 crores.
8. Housing Development Finance Corporation Ltd
HDFC is a Mumbai-based financial services company established as India's first specialty mortgage firm in 1977. In India, it is a key source of home financing.
The following sectors are also where HDFC operates: banking, general insurance, health insurance, life insurance, asset management, venture funding, real estate, education, deposit, & student loans. Through its unit HDFC Asset Management Accounting Limited, HDFC provides mutual fund services. In HDFC Bank, HDFC owns 26.14% of the stock. For a fee, HDFC Bank obtains mortgages for HDFC. The market capitalization is Rs. 500,598 Crores.
9. Life Insurance Corporation (LIC)
LIC of India is a statutory investment & insurance company with its headquarters in Mumbai. The Indian government is the real owner. It's been operating for almost 65 years and is one of India's oldest and biggest insurance companies.
The recently listed LIC Ltd is the nation's sole public insurance provider. With a total AUM of $40.2 trillion on a standalone basis, it is also one of India's biggest asset managers. LIC's market cap is Rs. 443,192 Crores.
10. Bajaj Finance
Bajaj Finance Limited is an Indian non-banking financial company (NBFC) subsidiary of Bajaj Finserv. The company's areas of specialization are consumer lending, small and mid-sized firms, commercial loans, and asset management.
With its company headquarters in Pune, Maharashtra, the company has 294 retail outlets, 497 rural sites, and more than 33,000 distribution terminals. The market value of Bajaj Finance is Rs. 355,084 crores.
The Conclusion
In terms of market value, these are the top companies. It would be best if you thoroughly consider the fundamentals before investing in them. Choosing the ideal firm to invest in in the share market is difficult since there are many things to consider before trading. Therefore, take it slow and choose a secure, consistent investing path.