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RIL Chairman Mukesh Ambani tops list, Gautam Adani on second position; Bajaj Group owners, Sunil Bharti Mittal others on BT 500 - BT Billionaires 2023 list
The current mood of the market is aptly reflected in the latest edition of the BT500 study, as the combined valuation of the Top 500 companies on the list has risen. but the gains have not been as spectacular as 2022, mirroring the sentiment of investors
The top 3 companies in BT500 list are consistent. The first spot has been taken by Reliance Industries Ltd (RIL) followed by Tata Consultancy Services (TCS) and HDFC Bank. Here are other firms
The trend then is long-term bullishness with short-term volatility. Amid this choppiness, Indian bellwether companies have, by and large, fared well, and held their ground as far as market performance is concerned. The BT500, the much-awaited ranking of India’s most valuable companies—where we rank the Top 500 in terms of their average market capitalisation (m-cap)—reflects this. - Issue Date: Dec 10, 2023
The Indian markets have been navigating global headwinds for some time now, and this is reflected in the way the equity markets have behaved over the past few months. That said, which are the top companies on the BT500 list this year? Find out in the special issue on the BT500—the definitive listing of India’s most valuable companies by average market capitalisation. Read all about how the companies have performed during the period under review, and what does the future hold for them. Plus, what did Mukesh Ambani-led Reliance do right, how did TCS brave the headwinds and how did ICICI Bank...