waht are the downfall of mncs due to corona with some examples
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Analysts attribute the growing heft of MNCs on the bourses to their strong resilience in the face of a sharp sell-off on Dalal Street over fears of the pandemic-induced economic disruption.As the economic crisis due to Covid-19 holds dominion over India Inc, listed Indian subsidiaries of multinational companies (MNCs) continue to pull ahead of their domestic peers.Listed MNCs now account for 14.6 per cent of the combined m-cap of all listed companies in the country. The share is the highest in at least six years and up from 10.9 per cent at the end of March last year.They accounted for 9.3 per cent of India’s m-cap at the end of March 2014.With combined m-cap of Rs 13.8 trillion, 74 Indian subsidiaries of global multinationals are now ahead of state-owned listed companies and almost as big as institutionally-owned independent companies such as Housing Development Finance Corporation, HDFC Bank, ICICI Bank, Axis Bank, Larsen & Toubro, and ITC.If banking and finance companies are removed, multinationals are even more dominant. Hindustan Unilever, Nestlé, Maruti Suzuki, Siemens, Bosch, ACC, and Ambuja Cement, among others, now account for a quarter of the combined m-cap of 813 companies excluding financial firms, up from 18.5 per cent at the end of FY19 and 16.7 per cent at the end of March 2014.The number of listed MNCs in the financial sector is small and domestic players dominate the sector.
Listed MNCs now account for 14.6 per cent of the combined m-cap of all listed companies in the country. The share is the highest in at least six years and up from 10.9 per cent at the end of March last year.They accounted for 9.3 per cent of India’s m-cap at the end of March 2014.With combined m-cap of Rs 13.8 trillion, 74 Indian subsidiaries of global multinationals are now ahead of state-owned listed companies and almost as big as institutionally-owned independent companies such as Housing Development Finance Corporation, HDFC Bank, ICICI Bank, Axis Bank, Larsen & Toubro, and ITC.If banking and finance companies are removed, multinationals are even more dominant. Hindustan Unilever, Nestlé, Maruti Suzuki, Siemens, Bosch, ACC, and Ambuja Cement, among others, now account for a quarter of the combined m-cap of 813 companies excluding financial firms, up from 18.5 per cent at the end of FY19 and 16.7 per cent at the end of March 2014.The number of listed MNCs in the financial sector is small and domestic players dominate the sector.