Mcap of four of top 10 valued firms jumps by ₹95,447 cr; Reliance biggest gainer

The combined market valuation of four of the top 10 valued firms jumped by ₹95,447.38 crore last week, with emerging as the biggest gainer.

From the top-10 pack, Reliance Industries, Bharti Airtel, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, TCS, ICICI Bank, Bajaj Finance, Infosys and Hindustan Unilever faced a combined erosion of ₹91,685.94 crore from their valuation.

The market valuation of Reliance Industries surged by ₹47,431.32 crore to ₹20,11,602.06 crore. State Bank of India added ₹30,091.82 crore to take its valuation to ₹8,64,908.87 crore.

The market capitalisation (mcap) of climbed ₹14,540.37 crore to ₹11,71,554.56 crore and that of by ₹3,383.87 crore to ₹5,65,897.54 crore.

However, the valuation of tumbled ₹29,090.12 crore to ₹6,48,756.24 crore. The mcap of ICICI Bank tanked by ₹21,618.9 crore to ₹9,61,127.86 crore.

The valuation of Infosys dropped by ₹17,822.38 crore to ₹6,15,890 crore and that of eroded by ₹11,924.17 crore to ₹5,79,561.93 crore.



The mcap of declined by ₹9,547.96 crore to ₹15,18,679.14 crore and that of TCS dipped by ₹1,682.41 crore to ₹11,06,338.80 crore.

Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever and LIC.

Source

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