14-04-21 Daily-Gujarat-GPSC Current Affairs

Gujarats billion-dollar-plusmarket capclub has grown bigger on the back of stock markets rally since last June. The number of listed companies having m-cap of more than a billion dollar (approximately Rs 7,532 crore) has now increased to 22 from 17 within a year since April 2020.

According to analysis of the Gujarati firms listed on BSE, the entities that made it to the billion-dollar (one billion dollar is approximately Rs 7,532 crore considering the value of rupee against dollar at 75.32) m-cap club in past one year are Deepak Nitrite Limited, Ratnamani Metals and Tubes Ltd, Gujarat Fluorochemicals Limited, Symphony Ltd and Eris Lifesciences Limited.

Adani Group tops the list of Gujarats most valued companies with its all the six companies being part of the billion-dollar m-cap club for long. In fact, the groups four companies, exceptAdani Powerand Adani Transmission, have of more than Rs 1 lakh crore or $ 13.2 billion.