Seven of top-10 firms add Rs 1.23 lakh crore in mcap; Reliance biggest gainer

The combined market capitalisation of seven of the top-10 most valued firms rose by Rs 1,23,724.19 crore last week, tracking an upbeat trend in equities, with Reliance Industries emerging as the biggest gainer.

During the week, the BSE benchmark index advanced 720.56 points, or 0.84 per cent.

Among the top-10 firms, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Larsen & Toubro, and Hindustan Unilever recorded gains in their market valuations. In contrast, Tata Consultancy Services (TCS), Infosys, and Bajaj Finance saw a decline in their valuations.

The market capitalisation of Reliance Industries jumped Rs 45,266.12 crore to Rs 21,54,978.60 crore.

State Bank of India added Rs 30,414.89 crore, taking its valuation to Rs 9,22,461.77 crore.

Larsen & Toubro’s market valuation rose by Rs 16,204.34 crore to Rs 5,72,640.56 crore, while Hindustan Unilever’s valuation climbed Rs 14,626.21 crore to Rs 5,51,637.04 crore.

HDFC Bank’s market capitalisation edged higher by Rs 13,538.43 crore to Rs 15,40,303.87 crore, and ICICI Bank’s valuation increased Rs 3,103.99 crore to Rs 9,68,773.14 crore.

The market capitalisation of Bharti Airtel rose Rs 570.21 crore to Rs 12,01,262.53 crore.

On the other hand, the market valuation of TCS declined Rs 10,745.72 crore to Rs 11,75,914.62 crore.

Infosys saw its market capitalisation fall Rs 6,183.25 crore to Rs 6,81,635.59 crore, while Bajaj Finance’s valuation dropped Rs 5,693.58 crore to Rs 6,16,430.43 crore.

Reliance Industries remained the most valued company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro, and Hindustan Unilever.