They include mortgage lender Housing Development Finance Corp. with a market cap of ₹4.44 trillion, Kotak Mahindra Bank with a market value of ₹3.88 trillion and ICICI Bank at ₹3.54 trillion. View Full Image Source: CapitalineSome relatively smaller companies also boosted their market capitalization during the bull run. For instance, the market cap of Asian Paints gained 48% this year to ₹2.54 trillion and is now closing in on cigarette maker ITC Ltd’s ₹2.56 trillion market value. “I would reckon the rise in Asian Paints market cap is the most striking in the large-cap space. Asian Paints is expected to see ₹3,500 crore profit, while ITC is likely to deliver ₹16,000 crore in FY22.

Source: Mint December 25, 2020 17:27 UTC