Finance
The combined market capitalization (Mcap) of 7 of the top 10 most-valued firms increased by Rs 1,33,746.87 crore last week as equities rose, with Tata Consultancy Services (TCS), Reliance Industries, and Infosys leading the pack of gainers.
The BSE benchmark rose 989.81 points, or 1.68 percent, last week.
TCS’s market capitalization increased by Rs 32,071.59 crore to Rs 11,77,226.60 crore.
Reliance Industries increased its valuation to Rs 17,37,717.68 crore by adding Rs 26,249.1 crore.
Infosys’ market capitalization increased by Rs 24,804.5 crore to Rs 6,36,143.85 crore, while ICICI Bank’s increased by Rs 20,471.04 crore to Rs 6,27,823.56 crore.
State Bank of India’s market capitalisation (mcap) increased by Rs 15,171.84 crore to Rs 4,93,932.64 crore, while Adani Transmission’s went higher by Rs 7,730.36 crore to Rs 4,38,572.68 crore.
The value of HDFC Bank increased by Rs 7,248.44 crore to Rs 8,33,854.18 crore.
From the laggards, Hindustan Unilever’s mcap fell by Rs 3,618.37 crore to Rs 6,08,074.22 crore.
HDFC’s valuation has dropped by Rs 2,551.25 crore to Rs 4,41,501.59 crore, while Bajaj Finance’s has dropped by Rs 432.88 crore to Rs 4,34,913.12 crore.
In the ranking of the top ten firms by market capitalisation, Reliance Industries remained the most valuable, followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC, Adani Transmission, and Bajaj Finance.
Source:FE
