The combined market valuation of five of the country’s top 10 most valuable companies increased by Rs 86,234.73 crore last week. In this, Tata Consultancy Services (TCS) was the most profitable. According to Bhasha news, apart from TCS, HDFC Bank, Infosys, Hindustan Unilever and Bajaj Finance were among the gainers. On the other hand, Reliance Industries, ICICI Bank, ITC, State Bank of India (SBI) and Bharti Airtel declined.
TCS benefits the most
Last week, BSE Sensex gained 167.22 points or 0.25 per cent. During this period, the market valuation of TCS increased by Rs 32,730.22 crore to Rs 13,24,649.78 crore. According to the news, Bajaj Finance added Rs 21,697.96 crore, taking its valuation to Rs 4,94,884.37 crore. Infosys’ valuation rose by Rs 18,057.94 crore to Rs 6,13,655.04 crore and Hindustan Unilever’s valuation rose by Rs 7,730.16 crore to Rs 5,87,104.12 crore.
Reliance Industries still number one
The market capitalization of HDFC Bank increased by Rs 6,018.45 crore to Rs 11,63,164.31 crore. On the other hand, the valuation of Reliance Industries declined by Rs 19,336.49 crore to Rs 15,68,216.88 crore and that of ICICI Bank declined by Rs 4,671.54 crore to Rs 6,62,057.43 crore. However, Reliance Industries remained the most valuable company in the country.
The market capitalization of State Bank of India (SBI market cap) declined by Rs 4,105.33 crore to Rs 5,30,211.19 crore and that of ITC declined by Rs 2,743.6 crore to Rs 5,51,463.84 crore. Bharti Airtel’s market valuation declined by Rs 196.19 crore to Rs 5,19,082.95 crore.
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