 "Sun Pharma surpasses SBI in m-cap ranking")
Sun Pharmaceuticals Industries, the pharmaceutical giant has surpasses the State Bank of India (SBI), the country’s largest public-sector lender in overall market capitalization (m-cap) ranking.
At 1116 hours, Sun Pharma with a m-cap of Rs 2,16,637 crore was ahead of the SBI which having m-cap of Rs 2,11,467 crore, the BSE data shows.
Market capitalisation or the value of a listed company is arrived at by multiplying the total number of its shares with its stock price on a particular day or time.
Shares of Sun Pharma have outperformed the market by surging 27% so far in 2015, compared to 9% declined in the market value of SBI. The benchmark S&P BSE Sensex was gained 4.6% during the same period.
Currently, Sun Pharma stands at number eight position in overall m-cap ranking, ahead of the housing finance major Housing Development Finance Corporation (HDFC) and the fast moving consumer goods company Hindustan Unilever.
Coal India with Rs 2,31,242 crore m-cap is at number seven position in m-cap ranking.
Tata Consultancy Services (TCS) is on top of the list with m-cap of Rs 5,08,554 crore followed by Reliance Industries, ITC, Oil and Natural Gas Corporation, HDFC Bank and Infosys having m-cap of between Rs 2,60,000 to Rs 2,76,000 crore.
At 1116 hours, Sun Pharma with a m-cap of Rs 2,16,637 crore was ahead of the SBI which having m-cap of Rs 2,11,467 crore, the BSE data shows.
Market capitalisation or the value of a listed company is arrived at by multiplying the total number of its shares with its stock price on a particular day or time.
Shares of Sun Pharma have outperformed the market by surging 27% so far in 2015, compared to 9% declined in the market value of SBI. The benchmark S&P BSE Sensex was gained 4.6% during the same period.
Currently, Sun Pharma stands at number eight position in overall m-cap ranking, ahead of the housing finance major Housing Development Finance Corporation (HDFC) and the fast moving consumer goods company Hindustan Unilever.
Coal India with Rs 2,31,242 crore m-cap is at number seven position in m-cap ranking.
Tata Consultancy Services (TCS) is on top of the list with m-cap of Rs 5,08,554 crore followed by Reliance Industries, ITC, Oil and Natural Gas Corporation, HDFC Bank and Infosys having m-cap of between Rs 2,60,000 to Rs 2,76,000 crore.