Finance
Last week, three of the top five most valuable companies added Rs 1,78,650.71 crore to their market valuations, led by Reliance Industries. The benchmark BSE Sensex rose 1,532.77 points, or 2.90 percent, last week.
While Reliance Industries, HDFC Bank, and Hindustan Unilever were the top-five gainers, Tata Consultancy Services and Infosys were the losers. Reliance Industries’ market capitalization increased by Rs 1,31,320.8 crore to Rs 17,73,889.78 crore.
Hindustan Unilever increased its valuation by Rs 30,814.89 to Rs 5,46,397.45 crore. The market capitalization of HDFC Bank increased by Rs 16,515.02 crore to Rs 7,33,156.15 crore.
Tata Consultancy Services’ market capitalisation (mcap) fell from Rs 43,743.96 crore to Rs 12,05,254.93 crore. Infosys’ valuation has fallen by Rs 20,129.66 crore to Rs 6,12,303.26 crore.
Reliance Industries topped the list of the top 5 most valuable companies, followed by Tata Consultancy Services, HDFC Bank, Infosys, and Hindustan Unilever.
Meanwhile, the country’s largest insurer, LIC, made a lacklustre debut on the stock exchanges on Tuesday, listing at a more than 8% discount.
On its first trading day, Life Insurance Corporation of India (LIC) was also among the top 10 most valuable companies. LIC is now ranked 6th among the top 10 most valuable companies in terms of market capitalization. It is worth Rs 5,22,602.94 crore in the market.
ICICI Bank ranks 7th with a valuation of Rs 4,93,251.86 crore, followed by State Bank of India (Rs 4,12,763.28 crore), HDFC (Rs 3,99,512.68 crore), and Bharti Airtel (Rs 3,99,512.68 crore) (Rs 3,77,686.72 crore).
