Dhaka     Tuesday   02 March 2021

Walton in the list of billion-dollar companies

News Desk || risingbd.com

Published: 10:59, 18 January 2021   Update: 12:12, 18 January 2021
Walton in the list of billion-dollar companies

The number of billion-dollar companies in the country has increased due to the recent rise in the capital market. Electronics and home appliance giant Walton Hi-Tech Industries Ltd has been included in the list of new billion-dollar companies.

Even in the last few months ago, there were only five billion-dollar companies in the market. Four more companies have been included in the list of billion-dollar companies due to the recent rise in the capital market. Walton has ranked the third place. As a result, the number of billion- dollar companies in the capital market has increased to nine.

Newly-included billion-dollar companies include Robi Axiata, Walton Hi-Tech Industries, Investment Corporation of Bangladesh (ICB) and Beximco Pharmaceuticals.

According to the Dhaka Stock Exchange (DSE) and Chattogram Stock Exchange (CSE), Grameenphone, a multinational telecommunications company, tops the list of billion-dollar companies. Till last Sunday, the market capitalization of the company stood at Tk 50,487 crore.

Second in the list is Robi Axiata, another multinational company in the telecom sector. The market capitalization of the company stands at Tk 36,718 crore. Walton Hi-Tech Industries, the country's leading electronics and home appliance company, has ranked third position in the billion-dollar list. The market capitalization of the company stands at Tk 33,952 crore.

British American Tobacco Bangladesh Company (BATBC), a multinational company in the tobacco sector, is in the fourth place. The market capitalization of the company stands at Tk 24,989 crore. Square Pharmaceuticals ranks the fifth place, and the market capitalization of the company stands at Tk 24,989 crore.

United Power Generation and Distribution Company (UPGDCL) has ranked the sixth place, and its market capitalization stands at Tk 15,808 crore.

Renata, another pharmaceutical company, is in seventh place. The market capitalization of the company stands at Tk 11,372 crore. In the eighth place is the state-owned investment institution ICB and its market capitalization stands at Tk 9,364 crore.

Beximco Pharmaceuticals, another pharmaceutical company, is in the ninth place. The market capitalization of the company stands at Tk 8,815 crore.

 

Dhaka/TN/Mukul