Market surge: More Rs 1 lakh crore giants created in India Inc; Maruti Suzuki biggest gainer

With its shares rising 3 per cent on Friday, Maruti Suzuki India Ltd (MSIL) became the 20th company to join the Rs 1 lakh crore market capitalisation club.

Amidst the market surge of 24 per cent over the last six months, four companies — Axis Bank, NTPC, HCL Technologies and MSIL — have witnessed their market capitalisation cross the Rs 1 lakh crore mark during the period.

During the same period, four other companies — Infosys, HDFC Bank, State Bank of India and Coal India — hit the Rs 2 lakh crore market cap mark.

TCS, meanwhile, became the first company in India to cross the Rs 5 lakh crore mark.

In the list of 20 stocks, Maruti Suzuki India Ltd has been the biggest gainer in the six month period as its stock has jumped 74 per cent while its market cap stood at Rs 1,00,845 crore as on Friday.

The second biggest gainer was Axis Bank which witnessed a jump of 45 per cent in its stock price during the same period.

Market capitalisation

NTPC

Oct 31: 1,23,641

Apr 30: 95,854

Change (%)*: 29.0

HCL

Oct 31: 1,12,581

Apr 30: 98,443

Change (%)*: 14.4

AXIS Bank

Oct 31: 1,03,543

Apr 30: 71,507

Change (%)*: 44.8

Maruti Suzuki

Oct 31: 1,00,845

Apr 30: 57,939

Change (%)*: 74.1

(*Change over the last six months)