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Explanation: Market Cap, short for Market Capitalization, is a measure of a company’s total market value, calculated by multiplying its current share price by the total number of outstanding shares. It represents the total market worth of a company as perceived by investors in the stock market. Market Cap is used to assess a company’s size, relative valuation and importance in the market. It is a widely used metric by investors and analysts for investment analysis and comparison with other companies.
Example: Maruti Suzuki has a Market Cap of ₹3,58,202 crore. This means that, based on the current share price and the total number of outstanding shares, the total market value of Maruti Suzuki’s equity is ₹3,58,202 crore. Market Cap reflects investors’ collective valuation of Maruti Suzuki’s business, products, growth prospects and overall performance in the market. As one of the leading automobile manufacturers in India, Maruti Suzuki’s Market Cap signifies its significant presence and importance in the stock market.
You can view the Market Cap of any stock on the topmost section of any company on Radar.