Finance
By: Shree1news, 16 MAY 2021
Eight of India’s top-10 most valued companies noticed a combined erosion of Rs 1,13,074.57 crore in market valuation last week.
HDFC Bank, Infosys, and Tata Consultancy Services (TCS) emerged as the worst-hit, whereas Reliance Industries Ltd. (RIL) and State Bank of India had been the lone gainers on a weekly basis.
The BSE benchmark Sensex tanked 473.92 points or 0.96% throughout the holiday-shortened trading week. TCS’ valuation plummeted by Rs 30,054.79 crore to Rs 11,28,488.10 crore, whereas Infosys saw an erosion of Rs 15,168.41 crore, taking its market worth to Rs 5,61,060.44 crore.
HDFC’s market capitalisation (m-cap) eroded by Rs 15,139.12 crore to Rs 7,65,035.49 crore and that of Kotak Mahindra Bank plunged by Rs 14,398.04 crore to Rs 3,38,358.80 crore.
The valuation of HDFC dived Rs 13,430.38 crore to Rs 4,36,879.75 crore and that of Bajaj Finance tanked Rs 9,844.62 crore to Rs 3,21,592.05 crore.
The m-cap of Hindustan Unilever Limited diminished by Rs 8,505.43 crore to stand at Rs 5,58,445.28 crore and that of ICICI Bank dipped by Rs 6,533.78 crore to Rs 4,13,243.07 crore.
In contrast, Reliance Industries added Rs 3,518.62 crore to take its valuation to Rs 12,27,855.04 crore and State Bank of India added Rs 2,052.66 crore to assist its m-cap reach Rs 3,21,732.25 crore.
In the rating of top-10 companies, Reliance Industries retained the most-valued firm title, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, State Bank of India and Bajaj Finance Limited.
Source:A-N
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