Win Some, Lose Some

Some firms from sectors like shipping, renewables, and railways witnessed remarkable upswings in their one-year average market valuations. But, firms in the gas transmission, power, FMCG, chemicals, diamond and jewellery sectors witnessed a decline

- RAHUL OBEROI & PAWAN NAHAR

ROBUST INFLOW FROM domestic investors supported the Indian equity market during this year’s study period (October 2023 to September 2024) of the BT500 list of India’s most valuable companies.

Overall, the average market capitalisation (m-cap) of the BT500 firms rose 39% by ₹102 lakh crore to ₹363 lakh crore over the previous study period. Meanwhile, the broader equity markets outpaced large-caps with wider margins. The benchmark BSE Sensex and NSE Nifty 50 index witnessed a 28% and 31% rise, whereas the BSE MidCap and SmallCap indices surged 53% and 52%, respectively, during the same period. The Nifty Midcap 100 and Nifty Smallcap 250 gained 48% and 51%, respectively.

However, while some, like Cochin Shipyard, saw a huge jump in market capitalisation, others, like some Adani Group firms witnessed a significant drop in their valuation.

The latest rankings show that select firms from the shipping, renewable energy, and railways industries witnessed remarkable upswings in their one-year average market capitalisation. On the other hand, firms from the gas transmission, power, fast-moving consumer goods, chemicals, diamond and jewellery industries witnessed a decline in their market valuation.

PERFORMANCE REVIEW

1 The combined one-year average m-cap of the BT500 firms grew by more than ₹100 lakh crore to ₹363 lakh crore during October 2023-September 2024

2 BSE Sensex advanced 28%, while the BSE MidCap and BSE SmallCap indices rallied 53% and 52%, respectively, during the study period

3 The one-year average m-cap of Cochin Shipyard surged the most, at 333%, to ₹34,339 crore during the study period for BT500

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