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Investors : The passing year has brought a new message of happiness for investors. Despite the falling market, the Indian corporate world is not afraid, rather its capital is on the rise. 100 companies have set the data of one lakh crore capital. 95 companies have also entered the one lakh crore club. 20 more companies are eager to make a place in this club by the end of the year. At least five of these are likely to cross this limit. Prominent among them are Lupin Limited, Persistent System, Indian Overseas Bank, Zydus Life Sciences, Jindal Steel and Power, ICICI Prudential Life Insurance and PB Fintech.
21 one trillion dollar companies increased in a year
In 2023, there were only 74 companies whose market capital was above Rs 1 lakh crore. So far, it has increased by Rs 21 crore in a year. This is a big jump from the stable trend of 2021 and 2022. In both these years, the figure was limited to only 49 and 52. However, in both these years, the market injured by the blow of Corona could not fully recover. In 2021, the market was in a phase of considerable decline.
Why is there good hope for investors
With the capital of 95 companies crossing Rs 1 lakh crore and 20 companies moving in this direction, it is clear that the businesses of these companies are strong and are doing good business. Therefore, investors will not need to do much research to invest in these companies. Due to the good fundamentals of these companies, investors can invest money confidently. Secondly, with so many companies being members of the One Trillion Club, there are indications of India's financial world being in a strong position. Due to this, the strength of other companies in the business network of these companies can also keep the hope of giving an upward trend to the stock market.