Finance
Last week, the total market valuation of seven of the top ten most valuable companies fell by Rs 1,09,947.86 crore, with State Bank of India taking the greatest damage, in parallel with a negative trend in stocks.
The BSE benchmark decreased by 438.95 points, or 0.66 percent, last week.
Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel, and Bajaj Finance were the laggards in the top-10 group, while Tata Consultancy Services (TCS), HDFC Bank, and Infosys saw increases in market valuation.
State Bank of India’s valuation has dropped from Rs 38,197.34 crore to Rs 5,11,603.38 crore.
State Bank of India shares plummeted about 3% on Friday after the company’s first-quarter earnings disappointed investors.
ICICI Bank’s market capitalization (M-cap) fell by Rs 17,201.84 crore to Rs 6,79,293.90 crore.
ITC’s valuation has dropped by Rs 16,846.18 crore to Rs 5,66,886.01 crore, while Bajaj Finance’s has dropped by Rs 14,366.34 crore to Rs 4,32,932.18 crore.
Reliance Industries’ M-cap fell by Rs 11,806 crore to Rs 16,98,270.74 crore, while Hindustan Unilever’s fell by Rs 9,069.42 crore to Rs 5,98,299.92 crore.
The value of Bharti Airtel has dropped by Rs 2,460.74 crore to Rs 4,97,908.56 crore.
TCS’s M-cap, on the other hand, increased by Rs 31,815.45 crore to Rs 12,59,555.25 crore.
Infosys increased its valuation to Rs 5,72,062.52 crore by adding Rs 15,791.49 crore. HDFC Bank’s mcap increased by Rs 7,080.63 crore to Rs 12,47,403.26 crore.
TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, State Bank of India, Bharti Airtel, and Bajaj Finance were the country’s most valuable companies.
Source : BS
