Finance
Last week, the combined valuation of six of the ten most valuable companies fell by Rs 49,231.44 crore, with FMCG behemoth Hindustan Unilever taking the biggest hit.
The 30-share BSE Sensex fell 159.18 points, or 0.26 percent, last week.
While Bharti Airtel, ITC, ICICI Bank, and the HDFC twins were the other top-10 laggards, TCS, SBI, Reliance Industries, and Infosys posted gains.
However, the four firms’ combined market valuation gain of Rs 35,840.35 crore was less than the total loss suffered by the six companies.
Hindustan Unilever’s market capitalization fell by Rs 15,918.48 crore to Rs 6,05,759.87 crore.
Bharti Airtel’s market capitalisation (mcap) fell by Rs 12,540.63 crore to Rs 4,29,474.82 crore, while ITC’s fell by Rs 11,420.89 crore to Rs 4,60,932.38 crore.
ICICI Bank lost Rs 6,863.37 crore, bringing its total assets to Rs 5,95,885.63 crore.
HDFC Bank’s mcap fell by Rs 1,255 crore to Rs 9,23,933.45 crore, while HDFC’s fell by Rs 1,233.07 crore to Rs 4,91,080 crore.
TCS added Rs 19,612.52 crore to its valuation, bringing it to Rs 12,93,639.32 crore.
The market capitalization of State Bank of India (SBI) increased by Rs 7,585.92 crore to Rs 4,93,486.41 crore.
Reliance Industries’ valuation increased by Rs 4,938.8 crore to Rs 15,80,653.94 crore, while Infosys’ increased by Rs 3,703.11 crore to Rs 6,76,638.36 crore.
In the ranking of the most valued Indian firms, Reliance Industries retained its top spot, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, SBI, HDFC, ITC and Bharti Airtel.
Source:BS
