Business Economy

Six of top-10 companies add ₹1.26 lakh crore in market valuation

Six of the 10 most valued domestic companies together added a staggering ₹1.26 lakh crore in market valuation last week, with RIL and HDFC Bank topping the chart.

HUL, Kotak Mahindra Bank, ITC and ICICI Bank were the other winners in the top-10 list, while SBI, Infosys, HDFC and Tata Consultancy Services (TCS) saw a drop in their their market capitalisation (m-cap) for the week ended Friday.

RIL’s market valuation zoomed by ₹34,453.13 crore to ₹8,29,632.75 crore, the most among the frontline entities.

HDFC Bank’s valuation jumped ₹24,098.72 crore to ₹ 6,80,645.09 crore and ICICI Bank added ₹20,603.11 crore to its m-cap to reach ₹2,90,132.25 crore.

The m-cap of Kotak Mahindra Bank advanced ₹20,213.04 crore to ₹3,14,037.87 crore and that of ITC moved up by ₹18,158.46 crore to ₹3,10,725.34 crore.

The market valuation of Hindustan Unilever Limited (HUL) rose by ₹8,659.25 crore to ₹4,35,062.28 crore.

In contrast, the m-cap of State Bank of India (SBI) dropped ₹18,250.8 crore to ₹2,51,004.70 crore.

The valuation of Infosys tumbled ₹9,771.22 crore to ₹3,36,022.65 crore and that of TCS tanked ₹3,339.62 crore to ₹7,71,752.96 crore.

HDFC’s m-cap fell by ₹2,742.77 crore to ₹3,51,528.17 crore.

In the ranking of top-10 firms, RIL retained its top position, followed by TCS, HDFC Bank, HUL, HDFC, Infosys, Kotak Mahindra Bank, ITC, ICICI Bank and SBI.

The 30-share BSE Sensex advanced 807.95 points or 2.12% during the last week.

Source: thehindu.com

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