Five companies to end 2020 with Rs. 5-tn market cap

India is set to end the year with five companies valued at more than Rs. 5 trillion each as foreign investors pumped a record $18.5 billion into Indian stocks in the December quarter, boosting valuations. Hindustan Unilever Ltd and Infosys Ltd entered the Rs. 5 trillion market capitalization club this year, joining Reliance Industries Ltd, Tata Consultancy Services Ltd and HDFC Bank Ltd. Their shares have risen in the range of 9-68% during the year.  

Reliance Industries is the most valuable company with a market value of Rs. 12.64 trillion, followed by Tata Consultancy at Rs. 10.91 trillion, HDFC Bank at Rs. 7.69 trillion, Hindustan Unilever at Rs. 5.63 trillion and Infosys at Rs. 5.26 trillion.

Indian stocks plunged more than 20% in March after the nationwide lockdown was announced due to COVID but since then they have not only recovered the losses but also scaled new highs in November and December.

Source: Mint