by Stock Market News: The financial year 2023-24 has been very good for Indian companies. According to a Business Today report, the total profit of Nifty 50 companies in FY 24 was Rs 8.14 lakh crore. A year ago it was Rs 6.39 lakh crore. That is, the profit has increased by 27 percent on an annual basis. Let’s find out which are the top 10 most profitable companies. And how has his performance been?
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1- Reliance Industries
Mukesh Ambani’s company Reliance Industries Rs. 78,633 crore proved to be the most profitable company. The company’s profits have increased by 7 percent year-on-year. Let us tell you that, in the last one year, the shares of Reliance Industries have seen an increase of 23 percent.
2- State Bank of India
SBI is second. The total profit of the bank has been Rs 68,138 crore. Which is 20 percent more than last year. Let us tell you that the share price of State Bank of India has seen an increase of 49 percent in the last 12 months.
The total profit of this private bank has been Rs 65,466 crore. The company’s profits have increased by 42 percent year-on-year. However, accordingly, the company’s shares have disappointed local investors. Over the past 12 months, the stock price has risen only a modest 2 percent.
The profit of the government company has increased by 61 percent. The profit of this PSU company in FY24 was Rs 54,705 crore. The performance of the company has been excellent in the stock market as well. The share price of this PSU has increased by 70 percent in the last 12 months. The market cap of the company is Rs 14.23 lakh crore.
