Suzlon new Order, Understand Market Capitalization

                

Market ka Capsule

Suzlon new Order, Understand Market Capitalization, & more

Friday, 31-May-2024

Sensex 73,961.31 ▲ 0.1%  Nifty 22,530.70 ▲ 0.19%

Pointers:

• Nifty 50 opened higher than yesterday's closing point but fell after that.
• Nifty 50 then climbed at around 2:52 PM meaning the bulls took over.
• The Realty stocks rose the most, which is 2nd time this week.
• Media stocks fell the most.
• The US markets fell today.
• European markets were up.
• And Asian Markets showed a mixed trend.

    

TOP GAINERS:     (Nifty 50)

Adani Enterprises   Rs. 3,410.00 ▲ 6.75%

Adani Ports.           Rs. 1,444.15 ▲ 4.38%

 

L&T                        Rs. 3,707.05 ▲ 1.99%

Tata Steel               Rs. 167.25 ▲ 1.89%

Shriram Finance     Rs. 2,345.90 ▲ 1.88%

TOP LOSERS:        (Nifty 50)

Bharti Airtel             Rs. 1,356.30 ⏷ 1.51%

Divi’s Lab                Rs. 4,354.70 ⏷ 1.32%

Hero Moto Corp     Rs. 5,080.10  ⏷ 1.28%

Kotak Mahindra      Rs. 1,672.10 ⏷ 1.07%

Maruti Suzuki         Rs. 12,467.45 ⏷ 1.04%

News:

• India's Core Sector growth reached 6.2% in April (vs 6% in March). Except for fertilizers, all other sectors recorded output growth: Commerce Ministry. Learn what is Core sector growth, Click Here.
• India's fiscal deficit stood at 5.6% (Rs. 16.54 lakh crore) in 2023-24. It was 95.3% of the budget estimate.
• The water level of India's 150 main reservoirs has dropped to 23%: Central Water Commission Data.
• India's GDP growth rate stood at 8.2% in 2023-24 (vs 7% in 2022-23). It was 7.8% in the Jan-March Quarter.

Stock Updates:

• Maruti Suzuki: the company's spokesperson said that news about the fire at the company's Gurgaon plant is false.
• Cochin Shipyard: The subsidiary got an order of tugboats from the Adani group worth Rs. 100-200 crores.
• Canara Bank: the company will raise Rs. 8,500 crores from debt instruments in 2024-25.
• DLF: NRI (Non-Resident Indian) share in the company's total sales rose to 23% in 2023-24 compared to 14% in 2022-23, as per the report.
• Suzlon Group: It has received a wind energy project of about 82 MW from Oyster Green Hybrid One Pvt Ltd.

1-Day Change

Gold             72,115.00 ⏷ 0.31%

Silver             94,107.00 ⏷ 1.58%

Dow Jones    38,111.00 ⏷ 0.86% 

Nasdaq         16,737.08 ⏷ 1.08%

Featured Question:

"Companies with Annual profits less than a hundred crore (INR) have shares valued more than 1000 or more rupees. while the companies having good profits (more than a hundred crores) have shares at rupees less than 100. Why?"

Share value has nothing to do with the company's profits.

Share value does not tell us about the size of the company or its operations.

A giant company can also have a very low price.

This is adjusted by the number of shares in the market.

Share Price x Number of shares = Market Capitalization

Market Capitalization tells us about the size of the company and its operations.

Example:

Reliance Share Price: Rs. 2,860

Reliance Market Cap: Rs. 19.28 Lakh crore.

vs

MRF Share Price: Rs. 1,25,000

MRF Market Cap: Rs. 0.53 Lakh Crore.

Long-Term Returns

Last 20 Years

Sensex               ▲ 14.70% p.a.

Nifty                  ▲ 14.56% p.a.

Dow Jones           ▲ 6.82% p.a.

Nasdaq               ▲ 11.24%  p.a.