Lucknow Press
Mumbai: Bajaj Housing Finance’s stock rose sharply today at the time of listing, due to which the gap between the market capitalization (mcap) of Bajaj Group and Adani Group has reduced. The market capitalization of Bajaj Housing Finance stood at Rs 1.37 lakh crore.
According to the IPO price, its market cap was Rs 58,300 crore, which has more than doubled today. With its spectacular debut in the stock market, it increased the total market cap of Bajaj Group by 10 percent. After this, the total market cap of Bajaj Group reached Rs 13.6 lakh crore, which was only Rs 12.1 lakh crore on Friday. Meanwhile, the market cap of Adani Group increased by 2.1 percent to Rs 16.7 lakh crore.
Tata Group remains the top business group in the country with a market cap of Rs 34.7 lakh crore. But this is slightly less than Friday’s market cap of Rs 34.8 lakh crore. Mukesh Ambani Group’s market cap was Rs 22.68 lakh crore, which is slightly less than Friday’s Rs 22.71 lakh crore.
Mittal family’s Bharti Group is the fifth largest business group with a market cap of Rs 12.1 lakh crore. Aditya Birla Group’s market capitalization was Rs 7.95 lakh crore, which was Rs 7.96 lakh crore on Friday. In the Bajaj Group, Bajaj Finance’s market cap was the highest at Rs 4.55 lakh crore. After this, Bajaj Auto was in second place with Rs 3.26 lakh crore.
