NTPC market cap now ₹3 trillion, joins Reliance, TCS in big league

The shares of NTPC were being traded in green at ₹309.80 at closure, a surge of nearly 3 per cent over the previous day's closure.

Published on: Dec 19, 2023, 17:40:16 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

National Thermal Power Corporation (NTPC), the state-owned power generation company, joined the top league of firms having a market cap over ₹3 trillion after its stock hit a new all-time high of ₹312.45 on Tuesday.

The shares of NTPC were being traded in green at ₹309.80 at closure, a surge of nearly 3 per cent over the previous day's closure. As of now, NTPC is at the 20th position in the list of 100 stocks by market capitalisation on the Bombay Stock Exchange (BSE). Mukesh Ambani-led Reliance Industries Ltd holds the top spot with a market cap of ₹17.30 trillion. Tata Consultancy Services, HDFC Bank, ICICI Bank and Infosys are the other companies in the top 5 list.

ALSO READ: SpiceJet shares hit 52-week high following this big acquisition ‘interest’

This comes on the day the Sensex and Nifty touched new all-time highs in intra-day trade before closing with gains. The 30-share BSE Sensex climbed 122.10 points or 0.17 per cent to settle at 71,437.19. During the day, the barometer jumped 308.62 points or 0.43 per cent to reach its all-time intra-day high of 71,623.71.

The major gainers included Nestle that rose the most by 4.66 per cent. Reliance Industries surged by 1.53 per cent, State Bank of India by 1.04 per cent and Hindustan Unilever by 1.03 per cent. ITC, Power Grid and Bajaj Finance were the major gainers.

ALSO READ: Inox India IPO subscribed 61 times on Day 3. Check allotment status

Among the indices, energy jumped 1.49 per cent, FMCG climbed 1.24 per cent, utilities (0.75 per cent), oil & gas (0.46 per cent) and power (0.39 per cent).

In the Asian markets, Seoul, Tokyo and Shanghai exchanges settled in the positive territory, while Hong Kong ended lower. On the other hand, European markets traded in the green. The US markets ended with gains on Monday.

A file photo of the NTPC Barh power plant in Bihar. (HT file photo)

Global oil benchmark Brent crude also declined 0.30 per cent to USD 77.72 a barrel.

(With PTI inputs)

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More