Finance
Last week, five of the top ten most valuable companies added Rs 88,604.99 crore to their market valuations, with State Bank of India and ICICI Bank leading the way.
While HDFC Bank, ICICI Bank, State Bank of India, HDFC, and Bharti Airtel saw increases in market valuation, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, and ITC trailed.
The BSE benchmark rose 345.04 points, or 0.58 percent, last week.
State Bank of India’s valuation increased by Rs 35,832.32 crore to Rs 5,00,759.98 crore, the highest among the top-10 firms.
ICICI Bank’s market capitalisation (mcap) increased by Rs 20,360.13 crore to Rs 6,06,514.71 crore.
HDFC Bank’s valuation increased by Rs 15,236.59 crore to Rs 9,01,307.58 crore and that of HDFC advanced Rs 13,051.48 crore to Rs 4,84,417.42 crore.
Bharti Airtel’s mcap increased by Rs 4,124.47 crore to Rs 4,26,158.52 crore.
However, Infosys’ market valuation fell by Rs 30,150.9 crore to Rs 6,22,711.80 crore, while Tata Consultancy Services’ fell by Rs 20,966.36 crore to Rs 12,23,129.40 crore.
Hindustan Unilever’s mcap fell by Rs 3,336.42 crore to Rs 5,80,360.79 crore, while Reliance Industries’ mcap fell by Rs 507.03 crore to Rs 16,13,602.63 crore.
The value of ITC has dropped by Rs 24.72 crore to Rs 4,77,886.13 crore.
Reliance Industries remained the most valuable company in the top ten, followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC, ITC, and Bharti Airtel.
Source:BS
