Seven Out Of Top 10 Companies Add Rs 87,966 Crore In Market Cap
TCS remained the largest company in India by market cap, followed by Reliance Industries.
Seven of the 10 most valued Indian companies together added Rs 87,965.88 crore in market valuation last week, with Hindustan Unilever Ltd. and HDFC Bank Ltd. topping the chart.
While Tata Consultancy Services Ltd., Housing Development Finance Corporation Ltd., Infosys Ltd., Kotak Mahindra Bank Ltd. and ICICI Bank Ltd. were the other firms which saw a rise in their market capitalisation for the week ended Friday, Reliance Industries Ltd., ITC Ltd. and State Bank of India suffered losses.
The market cap of HUL zoomed Rs 22,145.92 crore to Rs 3,98,290.92 crore and that of HDFC Bank jumped Rs 18,264.93 crore to Rs 6,23,892.08 crore.
HDFC’s valuation advanced Rs 15,148.15 crore to Rs 3,81,619.34 crore and that of TCS rallied Rs 14,840.68 crore to Rs 8,42,635.51 crore.
Infosys gained Rs 6,335.19 crore to reach Rs 3,39,372.78 crore in market valuation, while that of ICICI Bank went up by Rs 6,237.72 crore to Rs 2,71,360.08 crore.
The valuation of Kotak Mahindra Bank rose by Rs 4,993.29 crore to Rs 2,92,866.47 crore.
In contrast, the market cap of State Bank of India dropped Rs 15,261.1 crore to Rs 2,60,018.56 crore and that of Reliance Industries tumbled Rs 14,072.8 crore to Rs 7,36,602.08 crore.
ITC’s valuation declined by Rs 12,606.9 crore to Rs 3,12,146.38 crore.
In the ranking of the top 10 firms, TCS remained at the number one position, followed by RIL, HDFC Bank, HUL, HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and SBI.
During the last week, the Sensex gained 463.69 points or 1.24 percent.