Eight Of 10 Most Valued Firms Add Nearly Rs 87,000 Crore In Market Cap
Eight of the 10 most valued Indian companies together added Rs 86,932 crore in market valuation last week, with Bharti Airtel Ltd. stealing the show with the maximum gain.
Reliance Industries Ltd. (RIL), Tata Consultancy Services Ltd., HDFC Bank Ltd., HDFC Ltd., State Bank of India (SBI), Maruti Suzuki India Ltd., Oil and Natural Gas Corporation Ltd. (ONGC) and Airtel saw gains in their market capitalisation during the week ended on Friday.
Only two companies, ITC Ltd. and Hindustan Unilever Ltd., recorded losses in their market valuation in the week.
The market cap of Airtel, the latest entrant to the top-10 list, soared by Rs 22,486 crore to Rs 2,16,399 crore as on Friday last week.
The market valuation of HDFC surged Rs 12,338 crore to Rs 2,83,185 crore and that of SBI advanced by Rs 12,128 crore to Rs 2,80,541.64 crore.
The market cap of ONGC jumped Rs 10,009.93 crore to Rs 2,45,564 crore, TCS' moved up by Rs 6,413 crore to Rs 5,00,146 crore and that of Maruti rose by Rs 3,069 crore to Rs 2,48,201 crore.
On the other hand, ITC's market cap dropped Rs 4,763 crore to Rs 3,23,403 crore and that of HUL fell by Rs 4,177 crore to Rs 2,67,984 crore.
In the ranking of top-10 firms, RIL remained at the pole position followed by TCS, HDFC Bank, ITC, HDFC, SBI, HUL, Maruti, ONGC and Airtel.
Last week, the Sensex rose by 528.34 points, or 1.59 percent while the Nifty was up 129.45 points, or 1.25 percent.