The report highlighted that the variety of firms with a market cap of over Rs 1 lakh crore elevated considerably between FY02 and FY24, with their share of the whole market capitalisation of NSE-listed firms rising from almost 18 per cent to over 60 per cent.
This progress is attributed to India’s robust financial fundamentals, implementation of essential reforms, surplus world liquidity after the 2008 monetary disaster, and a steadily increasing investor base.
The report stated, “The variety of firms with over 1 lakh crore market cap have elevated by over 40 instances between FY02 and FY24.”
The report additional said that the market capitalisation of the highest 10 firms has grown 28 instances over the past twenty years. Their income and belongings have elevated by a mean of 15.4 per cent and 16 per cent, respectively, every year over the previous 20 years.
In FY02, just one firm had a market capitalisation exceeding Rs 1 lakh crore. By FY04, this quantity had grown to 2, and in FY10, it elevated to 14, with a mixed market cap of Rs 21.2 lakh crore.The World Monetary Disaster of 2008 triggered a short lived decline, however world liquidity infusion, key financial reforms comparable to easing FDI limits and gasoline worth deregulation, and bettering political stability helped the markets get better.By FY15, the variety of firms with over Rs 1 lakh crore market cap rose to 22, with a complete market cap of Rs 43.8 lakh crore. This progress continued, with 30 firms reaching this milestone by FY19, taking their whole market cap to Rs 73 lakh crore.
The COVID-19 pandemic in FY20 disrupted monetary markets, decreasing the variety of such firms to twenty, with a complete market cap of Rs 51.8 lakh crore. Nonetheless, post-pandemic coverage measures, robust financial restoration, and rising home participation fuelled a pointy rebound.
Because of this, the variety of firms with at the least Rs 1 lakh crore market cap soared to 81 in FY24, out of the whole 2,439 listed firms. In worth phrases, the whole market cap of those firms stood at Rs 234 lakh crore, accounting for over 60 per cent of the whole market cap.
This outstanding rise in high-market-cap firms’ showcases India’s financial resilience, market depth, and investor confidence.
As reforms proceed and the financial system expands, the variety of firms crossing the Rs 1 lakh crore market cap threshold is anticipated to develop additional, reinforcing India’s place as a key participant in world markets. (ANI)
