Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Markets / Stock Markets/  Mcap of 8 of 10 most valued firms bleed 2.21 lakh cr last week; Infosys, HDFC Bank suffer biggest hit
BackBack

Mcap of 8 of 10 most valued firms bleed ₹2.21 lakh cr last week; Infosys, HDFC Bank suffer biggest hit

Only Reliance Industries Ltd (RIL) and Adani Green Energy emerged gainers among top 10 most-valued firms of Dalal Street

Infosys and HDFC Bank suffered maximum beating in their market valuation last week as both heavy weights of the market together lost ₹1,29,085.77 crore in last week session.Premium
Infosys and HDFC Bank suffered maximum beating in their market valuation last week as both heavy weights of the market together lost 1,29,085.77 crore in last week session.

Due to heavy sell-off at Indian stock market last week, 8 out of 10 most-valued companies together logged 2,21,555.61 crore dip in their market capital. Infosys and HDFC Bank suffered maximum beating in their market valuation last week as both heavy weights of the market together lost 1,29,085.77 crore in last week session. Only Reliance Industries Ltd (RIL) and Adani Green Energy emerged gainers among top 10 most-valued Indian companies of Dalal Street.

The market capital of Infosys crashed 68,548.8 crore to 6,67,062.55 crore whereas HDFC Bank's market valuations nosedived 60,536.97 crore to 7,51,801.60 crore. Market capitalization of Bharti Airtel's descended 30,127.49 crore to 4,05,723.51 crore.

Market capital of banking major State Bank of India or SBI declined by 15,261.09 crore to 4,46,587.56 crore whereas Bajaj Finance went down by 13,264.96 crore to 4,30,420.83 crore. The market capital of private lender ICICI Bank dipped 10,376.97 crore to 5,19,362.62 crore while market valuation of Hindustan Unilever Limited slumped 5,345.32 crore to 5,00,392.45 crore.

However, Reliance Industries and Adani Green Energy continued to grow strong to stronger. After the end of last week trade session, Reliance Industries' market capital shot up 1,39,357.52 crore to 18,66,071.57 crore whereas market valuation of Adani Green went higher by 3,698.89 crore to 4,51,749.88 crore.

Meanwhile, duen to heavy beating in HDFC Ltd shares, the housing finance company has been knocked out from the list of top 10 most-valued companies. During the week ended April 22, shares of the company tumbled 7.19 per cent.

On April 4, HDFC announced that it will merge operations with HDFC Bank. Once the deal is effective, HDFC Bank will be wholly owned by public shareholders, and existing shareholders of HDFC will own 41 per cent of the bank.

The shares of HDFC have tumbled nearly 18 per cent since the merger announcement.

In the ranking of top-10 firms, Reliance Industries was leading the chart, followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, Adani Green Energy, State Bank of India, Bajaj Finance and Bharti Airtel.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 24 Apr 2022, 12:17 PM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie