Modi magic: Market cap of these 13 companies have zoomed

A sharp rally in the market has coincided with the projection of Narendra Modi as the BJP's prime ministerial candidate. 

Since September 13, 2013, when the Gujarat chief minister was announced as the party's choice for the country's top job, the Indian markets have rallied over 14 per cent, with Sensex companies adding Rs 4.7 lakh crore in value.

 Market capitalisation of the Adani group, which has most of its investments in Gujarat, has nearly doubled in the period.

 Here's a snapshot of how various industrial groups have fared during the said period.

…

Adani group

Current market cap: Rs 1,08,031 crore

Change since Sep 2013: Rs 53,998 crore

Change (%): 99.9

(Data compiled by BS Research Bureau, Source: Capitaline)

…

JSW group

Current market cap: Rs 37,305 crore

Change since Sep 2013: Rs 14,519 crore

Change (%):63.7

…

Jaypee Group

Current market cap: Rs 16,463 crore

Change since Sep 2013: Rs 5,083 crore

Change (%):44.7

…

Hinduja

Current market cap: Rs 35,030 crore

Change since Sep 2013: Rs 9,254 crore

Change (%): 35.9

…

Mahindra & Mahindra

Current market cap: Rs 1,22,763 crore

Change since Sep 2013: Rs 21,930 crore

Change (%): 21.8

…

Tata group

Current market cap: Rs 7,00,815 crore

Change since Sep 2013: Rs 99,126 crore

Change (%):16.5

…

Bajaj

Current market cap: Rs 95,578 crore

Change since Sep 2013: Rs 11,139 crore

Change (%):13.2

…

Aditya Birla group

Current market cap: Rs 1,80,353 crore  

Change since Sep 2013: Rs 20,343 crore

Change (%): 12.7

…

Mukesh Ambani group

Current market cap: Rs 3,13,786 crore

Change since Sep 2013: Rs 31,192 crore

Change (%):11

…

Vedanta 

Current market cap: Rs 1,84,235 crore

Change since Sep 2013: Rs 14,497 crore

Change (%): 8.5

…

Essar group 

Current market cap: Rs 13,060 crore

Change since Sep 2013: Rs 946 crore

Change (%): 7.8

…

Godrej

Current market cap: Rs 45,125 crore

Change since Sep 2013: Rs 2,892  crore

Change (%):6.9

…

Anil Ambani group

Current market cap: Rs 71,685 crore

Change since Sep 2013: Rs 2,580 crore

Change (%): 3.7