New Delhi: Eight out of the top-10 most valued firms in India collectively saw a significant increase of Rs 1,83,290.36 crore in market valuation this week, due to a surge in equity markets. The top gainers were IT giants, Tata Consultancy Services (TCS) and Infosys. During the week, the BSE benchmark rose by 963.87 points, marking a 1.21 per cent increase.
TCS Top gainer
TCS witnessed the highest increase with market valuation rising by Rs 38,894.44 crore and reached Rs 14,51,739.53 crore. Infosys followed the lead closely. It added Rs 33,320.03 crore to its market capitalisation and stood at Rs 6,83,922.13 crore.
Valuation of RIL
Reliance Industries saw its valuation climb by Rs 32,611.36 crore to Rs 21,51,562.56 crore. ICICI Bank’s market capitalisation zoomed by Rs 23,676.78 crore to Rs 8,67,878.66 crore.
LIC, HUL market cap
The market capitalisation of Life Insurance Corporation of India (LIC) surged by Rs 16,950.99 crore to Rs 6,42,524.89 crore. Hindustan Unilever’s valuation rose by Rs 16,917.06 crore to Rs 5,98,487.89 crore. ITC’s market cap increased by Rs 10,924.13 crore to Rs 5,41,399.95 crore, and State Bank of India’s valuation climbed by Rs 9,995.57 crore to Rs 7,67,561.25 crore.
Decline in valuation of HDFC Bank
However, HDFC Bank saw a decline in its market valuation by Rs 26,970.79 crore to Rs 12,53,894.64 crore, and Bharti Airtel’s market cap fell by Rs 8,735.49 crore to Rs 8,13,794.86 crore.
Most valued firm ranking
At the end of the week, Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC.
At the end of this week, as per the market capitalisation, Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
