Finance
By: Shree1news, 14 MAR 2021
Eight of the top-10 most valued companies collectively added Rs 72,442.88 crore in market valuation last week, with Infosys emerging as the biggest gainer.
Reliance Industries Limited and State Bank of India had been the only two companies from the top-10 list that witnessed erosion from their market capitalisation for the week ended Friday.
Among gainers, the valuation of Infosys jumped Rs 24,962.94 crore to Rs 5,85,564.20 crore, the most among the top-10 most valued companies.
The market valuation of Tata Consultancy Services (TCS) zoomed Rs 18,458.26 crore to achieve Rs 11,30,763.01 crore.
HDFC Bank added Rs 12,123.8 crore to take its valuation to Rs 8,55,086.25 crore and the market capitalisation (Mcap) of Bajaj Finance gained Rs 6,643.53 crore to Rs 3,34,716.18 crore.
HDFC’s valuation went higher by Rs 4,435.47 crore to Rs 4,62,992.20 crore and that of Kotak Mahindra Bank rallied by Rs 2,648.24 crore to Rs 3,83,741.06 crore.
ICICI Bank added Rs 2,230.82 crore to take its valuation to Rs 4,23,733.91 crore and Hindustan Unilever Limited witnessed a gain of Rs 939.82 crore to Rs 5,18,265.12 crore.
In contrast, the market capitalisation of Reliance Industries, the most valued domestic firm, declined by Rs 25,294.37 crore to Rs 13,55,784.49 crore.
The market valuation of State Bank of India dipped by Rs 2,320.4 crore to reach Rs 3,40,206.19 crore.
In the ranking of the most valued companies, Reliance Industries was ruling the chart followed by TCS, HDFC Bank Ltd, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, State Bank of India and Bajaj Finance.
Source:A-N
