Eight of Top-10 Firms Add Rs 77,222 Crore in Market Cap, HDFC Twins Lead
Reliance Industries and Kotak Mahindra Bank were the only two companies whose market cap declined in the week to Aug. 30.
Eight of the 10 most-valued listed companies together added Rs 77,222.53 crore in market capitalisation last week, propelled by sharp gains in HDFC twins and ITC Ltd.
While Tata Consultancy Services Ltd., HDFC Bank Ltd., Hindustan Unilever Ltd., Housing Development Finance Corporation Ltd., Infosys Ltd., ITC, ICICI Bank Ltd., State Bank of India were gainers, Reliance Industries Ltd. and Kotak Mahindra Bank Ltd. suffered losses in their market capitalisation for the week ended Friday.
HDFC’s market cap zoomed Rs 21,657.69 crore to Rs 3.73 lakh crore, while that of HDFC Bank jumped Rs 17,950.48 crore to Rs 6.09 lakh crore.
The valuation of ITC climbed Rs 11,917.17 crore to Rs 3.01 lakh crore.
ICICI Bank added Rs 9,490.11 crore to its market cap to reach Rs 2.64 lakh crore, while Infosys’ valuation advanced Rs 5,454.71 crore to Rs 3.49 lakh crore.
The market cap of HUL rose Rs 4,491.96 crore to Rs 4.07 lakh crore and that of TCS went up by Rs 3,940.01 crore to Rs 8.47 lakh crore.
SBI's valuation spurted Rs 2,320.4 crore to Rs 2.44 lakh crore.
In contrast, the market cap of RIL tumbled Rs 17,491.6 crore to Rs 7.91 lakh crore and that of Kotak Mahindra Bank tanked Rs 7,791.07 crore to Rs 2.73 lakh crore.
In the ranking of Top-10 firms, TCS held on to its numero uno position, followed by RIL, HDFC Bank, HUL, HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and SBI.
Over the last week, the Sensex advanced 631.63 points, or 1.72 percent.