HDFC Bank’s market cap gained the most in the last week
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The market capitalization of HDFC Bank rose by Rs 3,43,107.78 crore to Rs 12,63,070.52 crore during the week. SBI’s market valuation increased by Rs 27,220.07 crore to Rs 5,48,819.01 crore. The market cap of ICICI Bank increased by Rs 24,575.78 crore to Rs 6,97,413.50 crore. ITC’s valuation increased by Rs 21,972.81 crore to Rs 6,09,924.24 crore. The market cap of Bajaj Finance increased by Rs 6,137.96 crore to reach Rs 4,59,425.99 crore.
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Contrary to this trend, the market capitalization of Reliance Industries declined by Rs 1,37,138.56 crore to Rs 17,15,895.17 crore. Reliance Industries, its financial services arm Reliance Strategic Investments Ltd. (RSIL) has announced the separation. This unit is owned by Jio Financial Services Ltd. (JFSL) has been named. The market valuation of TCS declined by Rs 52,104.89 crore to Rs 12,32,953.95 crore in the week under review.
Infosys’ valuation declined by Rs 39,406.08 crore to Rs 5,52,141.59 crore. Infosys June quarter profit up 11 percent, less than expected. In such a situation, Infosys shares fell by more than eight percent on Friday. Hindustan Unilever’s market cap declined by Rs 17,163.77 crore to Rs 6,11,786.57 crore. Bharti Airtel’s valuation declined by Rs 390.94 crore to Rs 4,94,726 crore. Reliance Industries retained the first position in the list of top 10 companies. It was followed by HDFC Bank, TCS, ICICI Bank, Hindustan Unilever, ITC, Infosys, SBI, Bharti Airtel and Bajaj Finance respectively.
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