Eight of top-10 Indian firms add over ₹1 trillion in m-cap, Reliance tops the list1 min read . Updated: 16 Feb 2020, 10:38 AM IST
- Tata Consultancy Services (TCS), HUL, ICICI Bank, Bharti Airtel and Bajaj Finance were among the other gainers
- Reliance Industries valuation zoomed ₹33,534.56 crore to reach ₹9,42,422.58 crore
Eight of the 10 most valued Indian companies together added a whopping ₹1.09 trillion to their market capitalisation last week, with market heavyweight Reliance Industries Limited (RIL) leading the list.
Tata Consultancy Services (TCS), HUL, ICICI Bank, Bharti Airtel and Bajaj Finance were among the other gainers. HDFC Bank and HDFC were the only ones in the top-10 list to witness a drop in their market capitalisation (m-cap) for the week ended Friday.
Reliance Industries valuation zoomed ₹33,534.56 crore to reach ₹9,42,422.58 crore.
The market cap of Hindustan Unilever Limited (HUL) climbed ₹20,619.84 crore to ₹4,88,132.65 crore and that of TCS jumped ₹17,673.73 crore to ₹8,19,445.77 crore.
Bharti Airtel's valuation advanced ₹13,911.68 crore to ₹3,08,293.55 crore and that of Bajaj Finance rose ₹8,014.92 crore to ₹2,87,802.92 crore.
The m-cap of ICICI Bank swelled by ₹6,138.65 crore to ₹3,53,225.18 crore and that of Kotak Mahindra Bank went up by ₹5,666.73 crore to ₹3,21,586.80 crore.
Infosys added ₹3,832.8 crore to its m-cap to stand at ₹3,34,816.02 crore.
In contrast, the market cap of HDFC Bank tumbled ₹12,409.1 crore to ₹6,67,982.74 crore.
Likewise, the valuation of HDFC fell by ₹777.55 crore to ₹4,15,225.64 crore.
The domestic market capitalisation chart was topped by RIL, followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Infosys, Kotak Mahindra Bank, Bharti Airtel and Bajaj Finance.
Last week, the Sensex climbed 115.89 points or 0.28%.