Three Of The 10 Most Valued Companies Add Rs 98,623 Crore In Market Cap
The cumulative loss in market cap of seven companies is less than the total gains made by RIL, HUL and Infosys.
Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market capitalisation last week, led by stellar gains in software services provider Infosys Ltd.
Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs 37,701.1 crore was less than the total gains made by three firms — Reliance Industries Ltd., Hindustan Unilever Ltd. and Infosys.
The market capitalisation of Infosys surged Rs 52,046.87 crore to Rs 3,85,027.58 crore. Shares of Infosys had rallied over 9% on Thursday after the company posted a stronger-than-expected 12.4% rise in the first quarter consolidated net profit.
HUL added Rs 25,751.07 crore to its market valuation, which stood at Rs 5,48,232.26 crore at close on Friday. Reliance Industries' market cap jumped Rs 20,824.95 crore to Rs 12,11,682.08 crore.
In contrast, HDFC Ltd.'s valuation plunged Rs 13,920.21 crore to Rs 3,13,269.70 crore and that of Tata Consultancy Services Ltd. declined Rs 7,617.34 crore to Rs 8,26,031.21 crore.
The valuation of ICICI Bank tumbled Rs 4,205.71 crore to Rs 2,29,156.24 crore and that of Kotak Mahindra Bank by Rs 4,175.28 crore to Rs 2,62,864.37 crore.
Bharti Airtel Ltd.'s market cap dipped Rs 4,009.83 crore to Rs 3,09,521.05 crore and HDFC Bank's by Rs 3,403.97 crore to Rs 6,03,463.97 crore.
The valuation of ITC Ltd. declined by Rs 368.76 crore to Rs 2,38,469.29 crore.
In the ranking of top 10 firms, RIL was at number one, followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank.
During the last week, the 30-share BSE index advanced 425.81 points, or 1.16%.