Wipro Moves Out Of Top-20 Most Valued Companies List By Market Cap, Avenue Supermarts Grabs 20th Ranking
Shares of Avenue Supermarts jumped 4.35 percent in today’s trade.
IT major Wipro Ltd. on Wednesday moved out of the list of top-20 most valued companies by market capitalisation giving way to Avenue Supermarts Ltd., which runs the D-Mart supermarkets chain.
At close of trade, the market capitalisation of Avenue Supermarts was at Rs 1,41,205.36 crore, which is Rs 2,777.03 crore more than that of Wipro's Rs 1,38,428.33 crore valuation on the BSE.
Avenue Supermarts is now placed at the 20th rank in the list of top 100 companies by market cap, while Wipro has taken the 21st position. Shares of Avenue Supermarts jumped 4.35 percent, while those of Wipro gained 0.85 percent on the BSE.
Avenue Supermarts had got listed on the bourses in March 2017. Since its listing, shares of the company have zoomed 251 percent. Reliance Industries Limited is the country's most valued firm with an m-cap of Rs 9,17,953.13 crore followed by TCS Rs 8,04,980.33 crore. The m-cap figures of companies change daily with stock price movement.