Stocks that entered the ₹1 Lakh Cr market cap club this year
Market capitalization, also known as “market capitalization,” is used to measure the total value of a company. It is calculated by multiplying the company’s current market price by the number of shares outstanding. Market capitalization helps investors evaluate the size of a company and compare it to the financial performance of other companies.
Depending on the market capitalization, companies are classified into different groups such as large-cap, mid-cap, small-cap, and micro-cap. Market capitalization is always subject to fluctuations. A higher market capitalization indicates a company’s prominent market position, while a lower market capitalization indicates a company’s growth potential and associated risks.
Let’s look at companies that have had a market cap of over $100,000 over the past year.
Stock List
Indian Overseas Bank (IOB)
IOBA well-established public sector bank headquartered in Chennai, India, it was established in 1937. As a bank, they offer a wide range of banking products and services to corporate, retail and rural customers. The bank has 3236 branches in India and has branches in countries like Hong Kong, Singapore, Thailand and Sri Lanka.
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The stock has risen from Rs 26.35 to Rs 65.57, giving a return of 148.65% in the last one year. Its market capitalization is around Rs 1,23,924 crore as of July 24, 2024.
Hero Moto Corporation
Hero Moto Corporation Hero Motocorp manufactures and sells a wide range of motorcycles and scooters to suit the needs of different customer segments. Hero Motocorp was founded on 19 January 1984 and is headquartered in New Delhi, India. They have a market share of over 40% in the Indian motorcycle market and are present in over 47 countries worldwide.
The stock has risen from Rs 3,134 to Rs 5,411 with a return of 72.66% in the last one year. Its market capitalization is around Rs 1,08,067 crores as of July 24, 2024.
Shriram Finance
Shriram Finance Founded in 1979 in Chennai, India, the largest retail NBFC (Non-Banking Financial Company) focuses on providing a wide range of financial services such as commercial vehicle loans, two-wheeler loans, gold loans, personal loans, FD investments and insurance. They provide these services to the underprivileged sections of the society, especially in rural and semi-urban areas.
The stock moved from Rs 1,819 to Rs 2,726, returning 51.80% in the last one year. Market capitalization As of July 24, 2024, it is approximately Rs 1,02,526 crore.
Mazagon Dock Shipyard
Mazagon Pier A diversified shipbuilding and marine manufacturing company. Headquartered in Mumbai, India, the company was founded in 1934. The company serves the Indian defense sector and commercial marine industry as per domestic and international requirements.
The stock has returned 157.49% in the last one year from Rs 1,955 to Rs 5,034. Its market capitalization is around Rs 1,01,672 crore as of July 24, 2024.
Solar Industries India
Solar Industries India Founded in 1995, Solar Industries India Ltd is an integrated global explosives company headquartered in Nagpur, India. As a company, it manufactures and markets a wide range of explosive initiation devices and industrial explosives. Solar Industries India Ltd has manufacturing facilities in India, Nigeria, Zambia, South Africa and Turkey.
The stock has risen from Rs 3,779 to Rs 10,600 with a return of 181.59% in the last one year. The market capitalization crossed Rs 1,00,000 crore on July 2, 2024. It is currently valued at around Rs 96,051 crore as of July 24, 2024.
Hindustan Airlines
Hindustan Airlines(HAL) is an aerospace and defense company under the Government of India. They manufacture and design aircraft, helicopters and provide services. They serve all types of defense sectors. They operate through a network of manufacturing facilities and R&D centers in India. Their headquarters is in Bengaluru.
The stock has returned 149.35% in the last one year from Rs 1,942 to Rs 4,844. Its market capitalization is around Rs 3,23,687 crores as of July 24, 2024.
International Telecommunication Union (IRFC)
Indian Railway Finance Corporation (IRFC) is a financing company under the Ministry of Indian Railways. Their main business is to raise funds through short-term loans, taxable bonds and commercial borrowings. They raise funds from tax-exempt bonds, long-term rupee loans, equity and free reserves with the support of the government. They disburse funds for financing railways and locomotives, wagons and coaches. It is headquartered in New Delhi, India.
The stock has risen from Rs 35.10 to Rs 192.45, giving a return of 448.29% in the last one year. Its market capitalization is around Rs 2,51,634 crores as of July 24, 2024.
Bharat Electronics
Bharat Electronics (BEL) is an electronic products manufacturer for the Indian Defence Services. Their portfolio consists of communication products, naval systems, ground-based radars, electronic warfare systems and electronic systems. They are engaged in services such as electronic components and assembly, precision machining and fabrication, antenna manufacturing, microwave integrated circuit assembly and others. They export their products all over the world. Their headquarters is in Bengaluru.
The stock has risen from Rs 127.05 to Rs 300.60 with a return of 138.57% in the last one year. Its market capitalization is around Rs 2,19,732 crores as of July 24, 2024.
Barun Beverage
Barun Beverage Being a part of the RJ Group conglomerate It operates in the beverage, fast food restaurant, dairy and healthcare sectors. It primarily sells carbonated and non-carbonated beverages under the PepsiCo brand. The company has offices throughout India and internationally in Sri Lanka, Morocco, Nepal, Zimbabwe and Zambia. With 37 manufacturing facilities supporting the production of its products, PepsiCo’s supply chain as a bottler and contract manufacturer is more prominent.
The stock has risen from INR 817.70 to INR 1,607.55 with a return of 96.59% in the last one year. Its market capitalization is around INR 2,09,211 crores as of July 24, 2024.
Interglobe Airlines
Interglobe Airlines (IndiGo) is a low cost airline transportation service. They provide both cargo and passenger services. Their other services include support services. Indigo offers holiday packages to various destinations. They carry out ground operations from handling flights at the airport to in-flight catering services. Their presence is in the domestic and international markets. They are headquartered in Gurgaon.
The stock has risen from Rs 2,670.65 to Rs 4,394, giving a return of 64.53% in the last one year. Its market capitalization is around Rs 1,69,825 crore as on July 24, 2024.
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Bank of Baroda
Bank of Baroda It is engaged in personal, retail and commercial banking and other financial solutions. Their products include deposit services, loans, credit cards, etc. Their portfolio includes vehicle, home loans, agricultural, education, corporate and personal needs. The banking operations are conducted in the domestic and international markets. Their office is headquartered in Baroda.
The stock has risen from Rs 197.75 to Rs 250 in the last one year, giving a return of 26.04%. Its market capitalization is around Rs 1,29,025 crore as of July 24, 2024.
Punjab National Bank
Punjab National Bank It provides commercial and retail banking and other financial services. Its portfolio consists of debit and credit cards, retail and corporate lending, deposit services, etc. Its international segment includes foreign exchange services, remittances, and global travel cards. The bank’s operations are based in India and it has international presence in Bhutan, the UK, Bangladesh, Myanmar, UAE and Nepal. Its headquarters is in New Delhi.
The stock has risen from Rs 60.70 to Rs 117, giving a return of 88.41% in the last one year. Its market capitalization is around Rs 1,28,829 crores as of July 24, 2024.
Cholamandalam Investment and Finance
Cholamandalam Investment and Finance CompanyA subsidiary of Murugappa Group, it operates as a non-banking finance company. It provides loans and other financial solutions. Its products include vehicle loans, real estate loans, home renovation loans, home and land purchases, SME loans, corporate finance and agricultural loans. Its investment portfolio includes mutual funds, derivatives, equities, etc. Its headquarters is in Chennai.
The stock has risen from Rs 1,145.35 to Rs 1,396.85 with a return of 21.96% in the last one year. Its market capitalization is around Rs 1,01,672 crores as of July 24, 2024.
conclusion
A look at the 1 lakh crore market cap of the company this year shows the growth potential and resilience of the Indian stock market. These companies have delivered impressive financial returns and shareholder returns to achieve this milestone. As the economy continues to expand, these companies will look to capitalize on the new trends and maintain their competitive edge. What do you think about the performance of these companies? Let us know in the comments below.
Written by Santhosh
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