Tata Consultancy Services (TCS) witnessed an erosion of  ₹6,698.01 crore to  ₹7,70,252.01 crore from its valuation (Photo: Mint)
Tata Consultancy Services (TCS) witnessed an erosion of 6,698.01 crore to 7,70,252.01 crore from its valuation (Photo: Mint)

Eight of top-10 most valued Indian firms add 52,194 crore in market valuation

  • The SBI market valuation jumped 11,334.26 crore to 3,05,087.85 crore, becoming the top gainer among the ten most valuable companies
  • Reliance Industries on Thursday became the 1st Indian firm to hit the 10 trillion market valuation mark following a spike in its share price

NEW DELHI : Eight of the top 10 valued Indian companies together added 52,193.73 crore in market valuation last week, in-line with a bullish broader market sentiment, with SBI and HDFC emerging as the biggest gainers.

The Sensex advanced 434.40 points or 1.07% last week.

From the top-10 list, only TCS and ITC suffered losses in their market capitalisation (m-cap) for the week closed on Friday.

In contrast, Reliance Industries Ltd (RIL), HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI and Infosys witnessed a rise in their market valuation.

The m-cap of SBI jumped 11,334.26 crore to 3,05,087.85 crore, becoming the top gainer among the ten most valuable companies.

HDFC's valuation zoomed 10,492.7 crore to 3,96,791.39 crore.

The market cap of ICICI Bank climbed 9,871.88 crore to reach 3,31,011.55 crore and that of Kotak Mahindra Bank gained 8,818.24 crore to 3,08,420.75 crore.

HDFC Bank's valuation rose by 5,055.54 crore to 6,97,726.75 crore and of RIL went up by 2,852.62 crore to 9,83,140.16 crore.

Reliance Industries on Thursday became the first Indian company to hit the 10 lakh crore market valuation mark following a spike in its share price.

However, on Friday the oil-to-telecom conglomerate's market capitalisation came below this milestone and was at 9,83,140.16 crore at the close of trade.

Hindustan Unilever Limited (HUL) added 2,576.12 crore to 4,40,777.38 crore in its valuation and those of Infosys also advanced 1,192.37 crore to reach 2,96,367.29 crore.

In contrast, Tata Consultancy Services (TCS) witnessed an erosion of 6,698.01 crore to 7,70,252.01 crore from its valuation. Also, the m-cap of ITC fell 1,557.16 crore to 3,02,747 crore.

The list of top-10 firms was topped by RIL followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, State Bank of India (SBI), ITC and Infosys in that order.

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