Five Most Valued Companies Add More Than Rs 1 Trillion In M-cap

Five of the 10 most valued companies together added Rs 1,01,389.44 crore in market valuation last week, with IT majors Tata Consultancy Services and Infosys grabbing the limelight.

While Reliance Industries Limited, Tata Consultancy Services, Infosys, Hindustan Unilever Limited and Bajaj Finance were the gainers, HDFC Bank, HDFC, ICICI Bank, State Bank of India and Kotak Mahindra Bank witnessed erosion in their market valuation.

The valuation of Tata Consultancy Services (TCS) jumped by Rs 47,551.31 crore to reach Rs 12,10,218.64 crore, becoming the biggest gainer among the top-10 companies.

Infosys added Rs 26,227.28 crore to take its valuation to Rs 6,16,479.55 crore.

The market capitalisation of Reliance Industries gained Rs 14,200.35 crore to Rs 14,02,918.76 crore and that of Bajaj Finance rose by Rs 7,560.02 crore to Rs 3,69,327.31 crore.

The valuation of Hindustan Unilever Limited went higher by Rs 5,850.48 crore to Rs 5,56,041.95 crore.

In contrast, HDFC''s valuation declined by Rs 10,968.39 crore to Rs 4,61,972.21 crore and that of HDFC Bank dipped Rs 8,249.47 crore to Rs 8,20,091.77 crore.

ICICI Bank''s market capitalisation diminished by Rs 4,927.52 crore to Rs 4,40,035.66 crore and that of State Bank of India witnessed an erosion of Rs 3,614.47 crore to Rs 3,83,356.69 crore.

The valuation of Kotak Mahindra Bank dipped Rs 2,924.02 crore to Rs 3,55,927.86 crore.

In the ranking of top-10 firms, Reliance Industries was leading the chart followed by TCS, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, State Bank of India, Bajaj Finance and Kotak Mahindra Bank.

During the last week, the 30-share BSE benchmark jumped 374.71 points or 0.71 per cent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor