Finance
By: Shree1news 11 APR 2021
4 of the 10 most valued firms added ₹1,14,744.44 crore to their total market valuation last week, with major contribution coming in from IT giants Tata Consultancy Services and Infosys.
Whereas Tata Consultancy Services (TCS), Infosys, Hindustan Unilever Limited and Bharti Airtel witnessed gains in their valuation, Reliance Industries, HDFC Bank, HDFC, ICICI Bank, Kotak Mahindra Bank and State Bank of India witnessed losses of their market capitalisation.
However, their cumulative loss of ₹99,183.31 crore was less than the total gains made by the 4 firms.
The valuation of Tata Consultancy Services zoomed ₹57,816.18 crore to reach ₹12,28,898.85 crore. Infosys added ₹23,625.36 crore to its valuation at ₹6,13,854.71 crore.
The valuation of Hindustan Unilever Limited jumped ₹17,974.19 crore to ₹5,81,741.24 crore and that of Bharti Airtel by ₹15,328.71 crore to ₹2,99,507.71 crore.
In contrast, HDFC Bank’s valuation declined by ₹35,750.35 crore to ₹7,83,723.87 crore. The market capitalisation of Reliance Industries dipped ₹24,755.52 crore to reach ₹12,56,889.45 crore.
ICICI Bank’s valuation declined by ₹18,996.52 crore to ₹3,91,778.85 crore and that of State Bank of India by ₹15,618.07 crore to ₹3,15,083.41 crore. The valuation of HDFC dropped by ₹3,012.59 crore to ₹4,53,557.23 crore and that of Kotak Mahindra Bank by ₹1,050.26 crore to ₹3,56,523.48 crore.
Within the ranking of top-10 firms, Reliance Industries retained the status of most valued firm followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, Kotak Mahindra Bank, State Bank of India and Bharti Airtel.
Source:A-N
