So, hua kya hai ki aajkal apna Indian market ekdum do hisson mein bat gaya hai.
Ek taraf Reliance Industries jaise bade players ne share price ko itna bhaga diya ki overall index toh green mein dikh raha hai, lekin doosri taraf bade bade banks aur FMCG companies ke stocks neeche gir rahe hain.
Asal mein, pichhle hafte sirf 4 badi companies ne milkar lagbhag ₹2.20 lakh crore ka market cap jod diya. Ismein se Reliance Industries ne akela ₹1.40 lakh crore ka jump dikhaya, jisse uska total valuation ab ₹19.36 lakh crore ke paas pahunch gaya hai. Bharti Airtel, TCS, aur Bajaj Finance ne bhi achha perform kiya hai.
Lekin, yeh acha performance unhone ₹1.24 lakh crore ki collective loss ko cover nahi kar paya jo HDFC Bank, SBI, aur ICICI Bank jaise top companies se hui hai. Isliye market mein ekdum alag alag chal raha hai.
Banks ki baat karein toh ICICI Bank aur SBI ke market cap mein ₹45,365 crore aur ₹30,923 crore ki girawat aayi hai. SBI ka P/E ratio lagbhag 12.2 hai aur ICICI ka 16.7 ke aas paas. Regulatory concerns aur FIIs ke paisa nikalne se bhi sentiment kharab hai.
FMCG side par Hindustan Unilever (HUL) ka market cap ₹18,421 crore kam hua hai. HUL ka P/E ratio 34.3 hai, jo kaafi high lag raha hai, aur iska year-on-year performance 3.89% gira hai. Lagta hai logon ki khareedari kam ho rahi hai ya stock bahut mehenga ho gaya hai.
Bharti Airtel ne ₹43,503 crore jodkar ₹11.49 lakh crore ka valuation pakda hai. Reliance Industries, India ki sabse valued company ban gayi hai. Iska P/E ratio 24.0 hai, jo banks se zyada hai par HUL se kam.
Ab sabse bada risk kya hai? Concentration risk! Matlab, agar Reliance mein kuch gadbad hui toh poora market hil jayega. Aur FIIs lagatar paisa nikal rahe hain, jo market ke liye achha signal nahi hai. Crude oil prices badh rahe hain, jo inflation badha sakta hai aur economy par pressure dal sakta hai.
Analysts ICICI Bank ko 'Buy' karne ko keh rahe hain, aur Bharti Airtel ko bhi positive reviews mil rahe hain. Lekin Citi ke analysts ne kaha hai ki Middle East tensions India ki growth ko affect kar sakte hain.
