₹1.1 trillion in market capitalisation last week, which is about 20% of the total market cap addition among Sensex stocks. The company said that it had become net-debt free after a record fund raising in Jio Platforms.
Of course, some of the cash has yet to come in, such as from the rights issue, but that has not deterred the stock from racing higher and making fresh all-time highs during the covid-19 times.For companies such as LIC Housing Finance, the realty sector is showing signs of weakening; besides, dud loans are rising.
The covid-19 pandemic is also likely to play spoilsport with the recovery of some companies such as Pidilite Industries Ltd.