Finance
Last week, the market valuation of eight of the top ten domestic firms increased by Rs 1,81,209.89 crore, with Hindustan Unilever emerging as the biggest gainer.
The BSE benchmark Sensex gained 1,573.91 points, or 2.97 percent, last week.
Reliance Industries and Tata Consultancy Services (TCS) were the only laggards among the top ten.
Hindustan Unilever Ltd (HUL) added Rs 50,058.05 crore, bringing its valuation to Rs 5,86,422.74 crore.
HDFC Bank’s market capitalization increased by Rs 23,940.12 crore to Rs 7,75,832.15 crore, while Life Insurance Corporation of India (LIC) increased by Rs 19,797.24 crore to Rs 4,47,841.46 crore.
ICICI Bank’s valuation increased by Rs 35,956.8 crore to Rs 5,25,656.96 crore.
State Bank of India (SBI) increased its market capitalisation (m-cap) by Rs 19,232.55 crore to Rs 4,35,922.66 crore, while Infosys increased its m-cap by Rs 15,126.4 crore to Rs 6,37,033.78 crore.
Bharti Airtel’s valuation increased by Rs 12,000 crore to Rs 3,81,833.20 crore, while HDFC’s increased by Rs 5,098.65 crore to Rs 4,06,213.61 crore.
TCS’s m-cap, on the other hand, fell by Rs 18,770.93 crore to Rs 11,94,625.39 crore.
TCS, the country’s largest software exporter, reported a 5.2% increase in June quarter net profit to Rs 9,478 crore on Friday. The results were announced after market hours.
Reliance Industries’ valuation fell by Rs 11,805.14 crore to Rs 16,17,879.36 crore.
In the ranking of top-10 firms, Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC and Bharti Airtel.
Source:BS
