The combined market valuation of eight of the 10 most valued domestic firms jumped Rs 1,69,506.83 crore last week, in line with an upbeat trend at Dalal Street. Bajaj Finance led the gainers, while Hindustan Unilever and LIC were the only laggards.
During the week, the BSE benchmark surged 1,193.94 points or 1.47 per cent, boosting the wealth of blue-chip companies.
From the top-10 pack,
Reliance Industries, HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys and Bajaj Finance gained in market cap. In contrast, Hindustan Unilever and LIC recorded losses, PTI reported.
Bajaj Finance was the standout performer, with its valuation climbing Rs 40,788.38 crore to Rs 6,24,239.65 crore. Infosys followed with a gain of Rs 33,736.83 crore, taking its market capitalisation to Rs 6,33,773.30 crore.
Tata Consultancy Services added Rs 30,970.83 crore, pushing its valuation to Rs 11,33,926.72 crore, while Reliance Industries’ mcap advanced Rs 27,741.57 crore to Rs 18,87,509.28 crore.
State Bank of India gained Rs 15,092.06 crore to reach Rs 7,59,956.75 crore, ICICI Bank rose by Rs 10,644.91 crore to Rs 10,12,362.33 crore, HDFC Bank added Rs 6,141.63 crore to Rs 14,84,585.95 crore, and Bharti Airtel’s mcap rose Rs 4,390.62 crore to Rs 10,85,737.87 crore.
On the other hand, Hindustan Unilever’s valuation fell by Rs 12,429.34 crore to Rs 6,06,265.03 crore, while LIC shed Rs 1,454.75 crore, slipping to Rs 5,53,152.67 crore.
Reliance Industries remained the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC.
The TOI Business Desk is a vigilant and dedicated team of journal...
Read MoreThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
Read Less
Start a Conversation
Post comment