Finance
Six of the top ten most valuable companies saw their market valuations fall by Rs 2,00,280.75 crore last week, with IT behemoths Tata Consultancy Services (TCS) and Infosys taking the biggest hit, as equities continued to fall.
The Sensex fell 952.35 points, or 1.59 percent, last week.
While Reliance Industries, TCS, HDFC Bank, Hindustan Unilever, Infosys, and HDFC saw their valuations eroded, ICICI Bank, State Bank of India, Adani Transmission, and Bajaj Finance benefited.
TCS’s market capitalization fell by Rs 76,346.11 crore to Rs 11,00,880.49 crore.
Infosys’ valuation dropped by Rs 55,831.53 crore to Rs 5,80,312.32 crore.
Reliance Industries’ market capitalisation (mcap) fell by Rs 46,852.27 crore to Rs 16,90,865.41 crore, while Hindustan Unilever’s fell by Rs 14,015.31 crore to Rs 5,94,058.91 crore.
HDFC’s valuation fell by Rs 4,620.81 crore to Rs 4,36,880.78 crore, while HDFC Bank’s valuation fell by Rs 2,614.72 crore to Rs 8,31,239.46 crore.
Adani Transmission added Rs 17,719.6 crore to its valuation, bringing it to Rs 4,56,292.28 crore.
The market capitalization of State Bank of India increased by Rs 7,273.55 crore to Rs 5,01,206.19 crore.
Bajaj Finance’s valuation increased by Rs 6,435.71 crore to Rs 4,41,348.83 crore, while ICICI Bank’s increased by Rs 5,286.92 crore to Rs 6,33,110.48 crore.
Reliance Industries led the pack in the ranking of the most valuable companies, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, State Bank of India, Adani Transmission, Bajaj Finance and HDFC.
Source:BS
