Finance
Last week, the total market worth of seven of the top ten firms fell by Rs 62,279.74 crore, with Reliance Industries taking the greatest blow. While Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC, State Bank of India, and Bharti Airtel were among the top ten losers, HDFC Bank, Infosys, and Bajaj Finance were among the winners.
Reliance Industries’ market capitalization declined by Rs 38,495.79 crore to Rs 16,32,577.99 crore. Bharti Airtel’s valuation fell by Rs 4,194.49 crore to Rs 4,84,267.42 crore, while Hindustan Unilever’s fell by Rs 14,649.7 crore to Rs 5,88,572.61 crore.
ITC’s market capitalisation (mcap) fell by Rs 3,037.83 crore to Rs 5,50,214.07 crore, while ICICI Bank’s fell by Rs 898.8 crore to Rs 6,78,368.37 crore.
TCS’s mcap fell by Rs 512.27 crore to Rs 12,36,466.64 crore, while State Bank of India’s fell by Rs 490.86 crore to Rs 5,08,435.14 crore. However, HDFC Bank’s valuation increased by Rs 10,917.11 crore to Rs 11,92,752.19 crore, while Infosys’s increased by Rs 9,338.31 crore to Rs 5,98,917.39 crore.
Bajaj Finance’s mcap increased by Rs 6,562.1 crore to Rs 4,43,350.96 crore.
The BSE benchmark rose 500.65 points, or 0.77 percent, last week. Reliance Industries remained the most valuable firm in the top ten ranking followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.
Source:FE
