Branch2 Intelligence
M-cap of 6 of top 10 most valued firms surges Rs 1 lakh cr; Airtel, Bajaj Fin top winners
Key takeaway
Market cap of 6 of top 10 Indian firms surged ₹1 lakh crore in a week, led by Bharti Airtel and Bajaj Finance.
- Step 11st-order: Market cap of top Indian firms surges ₹1 lakh crore in a week, led by Bharti Airtel and Bajaj Finance.
- Step 22nd-order: Improved equity valuations lower the cost of equity for these firms, enabling cheaper capital raising and expansion.
- Step 33rd-order: Positive sentiment spills over to mid-cap and SME stocks, improving access to equity financing for smaller firms.
Source: IN:Economic Times
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