Stocks Entering the 1 Lakh Market Cap Club

Market capitalization, often referred to as market cap, is a key measure of a company’s value in the stock market. It represents the total market value of a company’s outstanding shares of stock, calculated by multiplying the current share price by the total number of shares outstanding.

Market capitalization helps investors gauge the size of a company, categorizing them as large-cap, mid-cap, or small-cap based on their value relative to other companies. It serves as a fundamental metric for assessing a company’s financial health, investor sentiment, and overall standing in the market.

Listed below are a few Stocks that have entered the 1 Lakh Market Cap Club:

Mazagon Dock Shipbuilders Limited

Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. The firm constructed 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms.

Mazagon Dock passed over 1 lakh market capital as of June 29, 2024. The company has reached its all-time 52-week high price of Rs 5,859.95 as of July 5, 2024.

On the 10th of July 2024, the stock opened in green trading at Rs 5,541.55 per share, up by 0.60 percent. The shares of Mazagon generated both multi-bagger returns of 277 percent over the past year and 137 percent over the past 6 months.

Solar Industries India Limited

Incorporated in 1995, Solar Industries India Limited is an India-based integrated global explosives company and defense products company. The company’s products include military drones, industrial explosives, and defense.

Solar Industries passed over 1 lakh market capital on July 2, 2024. The company has reached its all-time 52-week high price of Rs 12,535.25 as of July 3, 2024.

On the 10th of July 2024, the stock opened in green trading at Rs 12,165.60 per share, up by 1.05 percent. Shares of this company generated a multi-bagger return of 242 percent over the past year and 76 percent over the past 6 months.

Hero Motocorp Limited

Hero Moto Corp, earlier known as “Hero Honda,” is one of India’s first motorcycle manufacturers. The company started in 1984 as a technological collaboration with Honda, Japan. Before this collaboration, Hero was selling cycles under the brand name, Hero Cycles.

Hero MotoCorp passed over 1 lakh market capital on May 14, 2024. The company has reached its all-time 52-week high price of Rs 5,894.30 as of June 18, 2024.

On the 10th of July 2024, the stock opened in green trading at Rs 5,621 per share, up by 0.30 percent. The shares of Hero Motocorp generated an overall return of 80 percent over the past year and 36 percent over the past 6 months.

These companies entering the 1 Lakh Market Cap Club signify their growth and potential in the market. Investors are keeping a close eye on these stocks as they continue to perform well and attract attention from the investing community.