Finance
Six of the top ten most valuable companies increased their market capitalization by Rs 1,19,763.25 crore last week, with Reliance Industries Limited and ITC emerging as the largest gainers, owing to an overall bullish trend in domestic stocks.
The 30-share BSE benchmark rose 561.89 points, or 0.86 percent, last week. On July 7, the Sensex reached an all-time high of 65,898.98. Reliance Industries’ valuation increased by Rs 57,338.56 crore to Rs 17,83,043.16 crore, the highest among the top ten corporations.
ITC added Rs 21,291.04 crore taking its market valuation to Rs 5,82,602.46 crore.
State Bank of India’s market capitalisation (mcap) increased by Rs 18,697.06 crore to Rs 5,29,898.83 crore, while Tata Consultancy Services’ increased by Rs 9,220.81 crore to Rs 12,16,890.72 crore.
ICICI Bank’s valuation increased by Rs 8,998.26 crore to Rs 6,62,702.30 crore, while Hindustan Unilever Limited’s valuation increased by Rs 4,217.52 crore to Rs 6,33,532.04 crore. However, HDFC Bank’s mcap declined by Rs 22,926.37 crore to Rs 9,28,657.99 crore.
The valuation of HDFC fell by Rs 9,782.7 crore to Rs 5,12,585.94 crore, while Bharti Airtel fell by Rs 5,219.66 crore to Rs 4,84,844.10 crore. Infosys’ market capitalization fell by Rs 1,638.41 crore to Rs 5,52,452.86 crore.
Reliance Industries remained at the top of the list, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, ITC, Infosys, State Bank of India, HDFC, and Bharti Airtel.
Source:FE
