Mcap of Cochin Shipyard, Muthoot Finance, FACT and Kalyan Jewellers crossed the Rs50,000-crore mark
KOCHI: Public sector Cochin shipyard (CSL) stood at top among the listed Kerala companies in market valuation or Mcap with Rs76,266 crore on Friday, according the NSE data.
The bullish trend of the scrips in the past few weeks has lifted the company to this enviable level. On Friday, July 5, 2024, alone the stock jumped 8 per cent. On the day, the stoced rose to the intra-day high of  Rs2,924.
CSL pipped Muthoot Finance, the country’s largest gold loan company, in the Mcap race. On Friday, Muthoot Finance closed 0.43 per cent down on NSE, resulting in market valuation falling to Rs72,118 crore.
A few days ago, FACT, the largest fertilizer company run by the Centre, emerged as the biggest listed Kerala company in terms of market valuation. However, the company couldn’t retain the position in subsequent days as the share prices of fertilizer companies declined due to certain decisions of Central government regarding the sector.
Kalyan Jewellers, a major player in the segment, shined in the fourth slot. With brisk buying in its scrips in recent days, the company’s market valuation crossed Rs50,000-crore mark.
Cochin Shipyard, Muthoot Finance, FACT and Kalyan Jewellers are the four Kerala-based companies whose market valuation crossed the Rs50,000-crore mark in the week ended July 5, 2024
