Three of top 10 firms add 40,597 crore to m-cap, TCS biggest gainer

  • The market valuation of TCS soared by 19,155.92 crore to 7,69,782.96 crore
  • Reliance Industries, ITC, HUL, HDFC, SBI, ICICI Bank, Kotak Mahindra Bank suffered losses

New Delhi: Three of the 10 most valued firms together added 40,597 crore in market valuation last week, with TCS emerging as the biggest gainer.

From the top-10 pack, TCS, HDFC and Infosys saw gains to their market capitalisation (m-cap) for the week ended on Friday, while Reliance Industries (RIL), ITC, HUL, HDFC, SBI, ICICI Bank, Kotak Mahindra Bank suffered losses. The cumulative gains of TCS, HDFC and Infosys were higher than the total loss suffered by the seven firms which stood at 30,758.64 crore.

The m-cap of TCS soared by 19,155.92 crore to 7,69,782.96 crore. HDFC’s valuation surged 15,346.61 crore to 3,54,004.99 crore and that of Infosys’s jumped 6,094.66 crore to 3,30,400.44 crore.

In contrast, the m-cap of Hindustan Unilever Ltd (HUL) slumped by 10,412.23 crore to 3,59,275.99 crore.

ICICI Bank’s valuation dived 5,376.90 crore to 2,51,729.21 crore and that of RIL’s tumbled 5,039.26 crore to 8,58,956.4 crore.

The m-cap of HDFC Bank eroded by 4,016.88 crore to 6,26,837.10 crore and that of SBI dropped by 3,391.35 crore to 2,82,910 crore.

ITC suffered an erosion of 2,513.02 crore to 3,61,200.58 crore, while Kotak Mahindra Bank’s valuation reduced by 82.09 crore to 2,54,783.55 crore.

In the ranking of top-10 firms, RIL stood at number one position, followed by TCS, HDFC Bank, ITC, HUL, HDFC, Infosys, State Bank of India (SBI), Kotak Mahindra Bank and ICICI Bank.

During the week, the Sensex advanced by 182.32 points, or 0.48% and the Nifty gained 42.05 points, or 0.36%.

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