Five Of Top-10 Most Valued Firms Add Rs 56,877 Crore In Market Capitalisation
TCS led the pack as HDFC Bank, HUL and SBI saw market cap drop.
Five of the 10 most valued firms added Rs 56,877.12 crore in market valuation last week, led by IT major Tata Consultancy Services Ltd.
The market capitalisation of TCS jumped Rs 26,360.5 crore to Rs 7.96 lakh crore at close on Friday.
Reliance Industries Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd. and Infosys Ltd. were among the gainers. HDFC Bank Ltd., Hindustan Unilever Ltd., Housing Development Finance Corporation Ltd., ITC Ltd. and State Bank of India suffered losses in their market cap in the week.
Kotak Mahindra Bank’s valuation climbed Rs 11,443.51 crore to Rs 3.19 lakh crore and that of ICICI Bank by Rs 8,329.51 crore to Rs 3.39 lakh crore. The market cap of Infosys rose by Rs 8,176.24crore to Rs 3.04 lakh crore and of RIL by Rs 2,567.36 crore to Rs 9.85 lakh crore.
Among losers, SBI was the worst hit with its market valuation dropping by Rs 19,678.8 crore to Rs 2.85 lakh crore.
HDFC Bank’s market cap dropped by Rs 15,359 crore to Rs 6.82 lakh crore and that of HDFC by Rs 5,521.67 crore to Rs 3.91 lakh crore.
The valuation of ITC fell Rs 3,748.24 crore to Rs 2.98 lakh crore and of HUL by Rs 2,294.7 crore to Rs 4.38 lakh crore.
The list of 10 most valuable firms was topped by RIL followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, Infosys, ITCand SBI in that order.
Last week, the BSE 30-share index dropped 348.66 points or 0.85 percent.