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NTPC market cap crosses Rs 3 trillion, joins Reliance, TCS in elite club

NTPC market cap crosses Rs 3 trillion, joins Reliance, TCS in elite club

| @indiablooms | 19 Dec 2023, 10:35 pm

Mumbai: The state-owned power generation company, National Thermal Power Corporation (NTPC), has entered the league of companies with a market capitalization exceeding Rs 3 trillion.

This milestone was achieved as NTPC's stock reached a new all-time high of Rs 312.45 on Tuesday.

At the closing bell, NTPC's shares were trading in the green at Rs 309.80, marking a nearly 3 percent surge compared to the previous day's closing price.

Presently, NTPC holds the 20th position among the top 100 stocks by market capitalization on the Bombay Stock Exchange (BSE).

Reliance Industries Ltd, led by Mukesh Ambani, retains the leading position with a substantial market cap of Rs17.30 trillion.

Following closely in the top 5 list are Tata Consultancy Services, HDFC Bank, ICICI Bank, and Infosys.

This notable achievement by NTPC came on a day when both the Sensex and Nifty reached new all-time highs in intra-day trade before concluding with gains.

The 30-share BSE Sensex rose by 122.10 points or 0.17 percent, settling at 71,437.19.

At its peak during the day, the Sensex reached an all-time intra-day high of 71,623.71, reflecting a gain of 308.62 points or 0.43 percent.

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