The market cap of listed companies will reach Rs 370 lakh crore

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The new companies will contribute Rs 20 lakh crore to the market cap in three years

Mumbai: The market cap of listed companies is expected to reach ૫ 3 trillion (Rs 20 lakh crore) in the next three years. At present, the market cap is close to ૫ 4.5 lakh crore, or Rs 20 lakh crore. In this way, the market cap will grow by more than Rs 100 lakh crore in three years.

Global brokerage firm Goldman Sachs expects stock market sentiment to be strong right now. Foreign investors continue to invest. Rapid market growth in the current month, the Bombay Stock Exchange (BSE) has overtaken France to become the sixth largest market cap.

The brokerage firm has said that the contribution of new companies to the market cap will be Rs 20 lakh crore. However, in recent times, these companies have added about Rs 2.50 lakh crore. By the end of this year, 30 IPOs are expected. More than 30 of these can come in October and November. Startups like Zomato will contribute more to the market cap. Its market cap is over Rs 1 lakh crore.

PTM will also be listed on this Diwali. While startups like Oyo, Ola and Flipkart will also be listed. This year, 4 startups in the country have become unicorns. Unicorns are worth 1 billion. At present there are 3 startups in the country in the form of Unicorn. The Indian stock market has risen close to 70% in the current calendar year. It has also been a worldwide show.

Thus, the biggest mega IPO is of LIC. It will also be difficult to break his record in the near future. Its IPO will increase the market cap by Rs 10-12 lakh crore in a single stroke. The market cap has increased by Rs 3 lakh crore in July, Rs 15 lakh crore in August and Rs 10 lakh crore this month.

The Bank of America said in a report that the global market has reached ૪૮ 103 billion this year. Statistics show that the share of foreign investors in the Indian market during the boom was ૬૩ 50 billion as of August. As of June, the share was 6 billion. August and September saw the biggest boom in the market and set many new records.

The way the market has rallied which may lead to apprehensions or further correction. Because, the valuation of the market is much higher. On the other hand, some brokerage houses believe that the Sensex could cross the 20-market mark by December. This is because apart from the festive season, a big IPO can also come in the market.


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