Unsung heroes add to investor wealth

Just the 30-odd Sensex cos have hogged the limelight,but investor wealth is being created elsewhere too.

The very best of bluechip companies may get the credit for pushing the barometer index Sensex past the 20,000-points milestone,but there are many more firms outside the very top ‘exclusive’ club that have done phenomenally well too – we are talking about those with a market cap of Rs 20,000 crore plus.

While Sensex component ACC fell short of the Rs 20,000 crore market capitalisation despite being in the elite club (there are 47 other firms that have created more wealth than this cement major. Also,at the close of trade today,there were a total of 76 companies with a market valuation of at least Rs 20,000 crore).

However,not everyone gained from today’s rally. Those losing value included market leader Reliance Industries,the biggest of all with a market cap of Rs 337,886 crore. The second largest,ONGC,also lost some value,although it attained a market cap of over Rs 3,00,000 crore earlier in the day,becoming the only one after RIL to do so.

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Those who gained value in this Rs 20,000 crore and above club included TCS,Infosys,NTPC,MMTC,L&T,Bhel,HDFC Bank,Wipro and HDFC. All of these have a market cap of over Rs 1,00,000 crore. MMTC has the highest market cap outside the Sensex pack at Rs 1,37,605 crore.

Those having market cap of over Rs 50,000 crore and having gained value today included SAIL,HUL,Tata Motors and Sterlite.

Besides,Reliance Capital,Ambuja Cements,Ranbaxy,Dr Reddy’s Labs,Cipla,Sesa Goa,HCL Tech,Tata Power and Maruti Suzuki were also gained value. These firms have a market cap of over Rs 20,000 crore,but below Rs 50,000 crore.

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