Seven of the 10 most valued Indian companies together added ₹ 70,867 crore in market capitalisation last week, led by Reliance Industries (RIL).
RIL also regained the status of the most valued firm on Dalal Street, edging past India’s largest IT company Tata Consultancy Services (TCS).
The gainers’ list also included HDFC Bank, HUL, ICICI Bank, State Bank of India (SBI), HDFC and Kotak Mahindra Bank. On the other hand, TCS, ITC, and Infosys registered losses in their market capitalisation (m-cap) for the week ended Friday.
Oil-to-telecom conglomerate RIL saw a jump of ₹ 21,646.06 crore in its valuation to ₹ 7,14,668.54 crore.
The m-cap of Hindustan Unilever Ltd (HUL) rose ₹ 3,939.66 crore to ₹ 3,65,988.02 crore and that of HDFC soared ₹ 12,192.45 crore to reach ₹ 3,24,235.05 crore.
The market valuation of HDFC Bank surged ₹ 13,385.01 crore to ₹ 5,43,254.97 crore, SBI added ₹ 6,514.95 crore to its valuation to reach ₹ 2,59,080.78 crore and ICICI Bank gained ₹ 7,520.86 crore to ₹ 2,36,529.73 crore.
Kotak Mahindra Bank entered the top 10 club by advancing ₹ 5,667.87 crore to ₹ 2,22,656.33 crore.
On the other hand, the valuation of TCS dropped by ₹ 10,337.82 crore to ₹ 7,06,292.61 crore.
The m-cap of ITC fell ₹ 1,224.37 crore to ₹ 3,38,232.56 crore and that of Infosys declined ₹ 4,805.24 crore to ₹ 2,84,142.38 crore.
In the ranking of the top-10 firms, RIL stood at the number one position, followed by TCS, HDFC Bank, HUL, ITC, HDFC, Infosys, SBI, ICICI Bank and Kotak Mahindra Bank.
Over the last week, the BSE Sensex gained 0.85% to end at 35,457.16.
This story has been published from a wire agency feed without modifications to the text.