Eight Of 10 Most Valued Companies Add Rs 1.57 Lakh Crore In Market Cap; Reliance Industries Shines
The Reliance Industries Ltd. logo is displayed atop the company’s gas station in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Eight Of 10 Most Valued Companies Add Rs 1.57 Lakh Crore In Market Cap; Reliance Industries Shines

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Eight of the top 10 valued companies added Rs 1,57,270.8 crore to their total market valuation last week, led by Reliance Industries Ltd. which gained Rs 31,981 crore, according to market data.

Only two companies, Tata Consultancy Services Ltd. and Infosys Ltd., took a hit in their market capitalisation for the week ended on Friday. The market capitalisation of RIL zoomed Rs 31,981.45 crore to Rs 9,08,888.02 crore, emerging as the biggest gainer among the top-10 firms.

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HDFC Bank Ltd.'s valuation jumped Rs 23,503.35 crore to Rs 6,80,391.85 crore and that of HDFC climbed Rs 23,385.05 crore to Rs 4,16,003.19 crore. The market cap of Bharti Airtel Ltd. advanced Rs 23,049.72 crore to Rs 2,94,381.87 crore and of ICICI Bank Ltd. by Rs 20,676.16 crore to Rs 3,47,086.53 crore.

Hindustan Unilever Ltd. added Rs 18,617.38 crore to its m-cap at Rs 4,67,512.81 crore and State Bank of India Rs 15,484.2 crore to Rs 2,86,033.80 crore. Likewise, Kotak Mahindra Bank Ltd. valuation moved up by Rs 573.46 crore to Rs 3,15,920.07 crore.

In contrast, the market cap of TCS dropped Rs 10,656.8 crore to Rs 8,01,772.04 crore and that of Infosys by Rs 1,296.88 crore to Rs 3,30,983.22 crore. In the ranking of top-10 firms, RIL stayed at number one rank followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Infosys, Kotak Mahindra Bank, Bharti Airtel and State Bank of India. Last week, the Sensex surged 1,406.32 points or 3.53 percent.

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