Muthoot, Cochin Shipyard, among front runners: File photoKochi: A bull run in the Indian stock markets has pushed the market value of Kerala-based companies to a record Rs 1 lakh crore.
Though more than 40,000 companies have been registered in Kerala, only 25 companies from the state have been listed on the Bombay Stock Exchange.
The combined market value of these companies have risen by Rs 30,000 crore in six months to touch Rs 97,928 crore.
The Kerala-based companies have recorded a 46 percent growth in market value in the past six months, outperforming the 18 percent growth among all 6,000 stocks listed on the Bombay Stock Exchange.
Federal Bank is the largest Kerala-based listed company by market value.
The bank’s value has increased from Rs 14,688 crore to Rs 24,266.08 crore in six months. The share price hit a 52-week high of Rs 127.75 recently.
Federal Bank leads the 10 companies from Kerala with a market value of Rs 1,000 crore.
Muthoot Finance follows with Rs 19,618.72 crore and Apollo Tyres with Rs 13,729.20 crore.
These companies have seen sharp spikes in their share prices recently.
The priciest of Kerala-based stocks is that of KSE Limited. The stock hit a 52-week high of Rs 1,744.90 last week.
The only Kerala stock trading above Rs 1,000, KSE’s market value has gone up by 118 percent to Rs 540.80 crore in six months.
The least valuable of the listed companies from Kerala is Sree Sakthi Paper Mills.
The company is valued at around Rs 7 crore. Five more companies have a market capitalization below Rs 100 crore.
The Cochin Shipyard Limited, the latest stock listed from Kerala, has a market capitalization of Rs 7,725.92 crore.
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