M-cap of eight of 10 most valued Indian firms jumps over Rs 1.51 trn

Eight of the top-10 most valued firms together added Rs 1,51,456.45 crore in market valuation last week, with Tata Consultancy Services (TCS) emerging as the biggest gainer.

Last week, the 30-share BSE Sensex gained 1,444.59 points or 2.52 per cent.

On the top 10 chart, Reliance Industries Ltd (RIL) and HDFC were the only two companies that saw an erosion in their market valuation.

The market valuation of TCS jumped Rs 46,016.2 crore to reach Rs 14,11,058.63 crore.

HDFC Bank’s valuation zoomed Rs 33,861.41 crore to Rs 8,44,922.53 crore.

Infosys added Rs 23,425.29 crore, taking its valuation to Rs 7,32,177.06 crore.

The market capitalisation (mcap) of Bajaj Finance gained Rs 17,226.59 crore to Rs 4,31,926.08 crore and that of ICICI Bank went higher by Rs 16,601.55 crore to Rs 5,59,009.41 crore.

The valuation of State Bank of India (SBI) grew by Rs 6,113.36 crore to Rs 4,73,182.90 crore and that of Hindustan Unilever Ltd (HUL) jumped Rs 5,850.48 crore to Rs 5,42,262.17 crore.

Bharti Airtel added Rs 2,361.57 crore to Rs 3,95,535.80 crore in its valuation.

In contrast, the market valuation of HDFC diminished by Rs 2,870.45 crore to Rs 4,53,231.97 crore and that of RIL dipped by Rs 2,396.57 crore to Rs 15,77,382.90 crore.

In the ranking of top-10 firms, RIL remained the most valued firm followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, HDFC, Bajaj Finance and Bharti Airtel.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor