Google International gains Rs 12,66,94,77,342 in this multibagger blue-chip stock; market cap touches Rs 7 lakh crore!

When the stock reached its intraday high of Rs 1,218.30, the market cap touches the Rs 7,00,000 crore mark.

The NSE benchmark Nifty 50 index opened flat with a positive bias on Monday, reaching an all-time high of 22,526.60. However, profit booking emerged at higher levels, causing the index to drop by nearly 100 points from the day’s peak. Infosys, HDFC Bank, and LT were the top draggers for the index on Monday, while Bharti Airtel led the index puller list.

Bharti Airtel's stock achieved a fresh 52-week high of Rs 1,218.30 on Monday. Opening at Rs 1,186 against the previous close of Rs 1,199.70, it is currently trading 1.05 per cent higher, with a market cap of about Rs 6,98,000 crore. When the stock reached its intraday high of Rs 1,218.30, the market cap touches the Rs 7,00,000 crore mark.

Headquartered in India, Airtel is a global communications solutions provider with over five hundred million customers in 17 countries across South Asia and Africa. It ranks amongst the top three mobile operators globally, with networks covering over two billion people. Airtel is India’s largest integrated communications solutions provider and the second-largest mobile operator in Africa. Airtel’s retail portfolio includes high-speed 4G/5G mobile broadband and Airtel Xstream Fiber, promising speeds up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments, and financial services.

Recently, Airtel expanded its network footprint in Wayanad and Kozhikode District under its rural enhancement project. Airtel has been running a rural enhancement project nationally and aims to augment network connectivity across 60,000 villages in the country by 2024. Kerala has been one of the big focus markets for the company, and with this initiative, it will be augmenting its network coverage across 1600 villages and 355 towns, covering the entire state.

Regarding the stock performance, it has risen by 21.36 per cent in the last three months, 57 per cent in the last year, and delivered multibagger returns of 135.52 per cent in the last three years.

Now, an interesting fact about the stock is that Google International LLC holds 1.18 per cent, which translates to 71,176,839 shares of the stock. On a year-to-date basis, the stock has gained 17 per cent, equivalent to an increase of Rs 178 in rupee terms. Multiplying the number of shares held by Google International LLC by the actual gain of Rs 178 would translate to Rs 12,66,94,77,342.

Disclaimer: The article is for informational purposes only and not investment advice.