Market capitalization of nine out of top 10 companies increased by Rs 1.30 lakh crore
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New Delhi. The combined market valuation of nine of the country’s top-10 valued companies increased by Rs 1,30,391.96 crore last week amid a rally in the domestic market, with Bharti Airtel and Tata Consultancy Services (TCS) leading the gainers. Last week, there was a bullish atmosphere in BSE and the benchmark index Sensex jumped by 1,511.15 points or 2.29 percent. During this period, except Reliance Industries, an increase was seen in the market valuation of other nine top companies of the country.
The valuation of telecom company Bharti Airtel increased by Rs 23,746.04 crore to Rs 5,70,466.88 crore. At the same time, the market capitalization (MCAP) of information technology company TCS increased by Rs 19,027.07 crore to reach Rs 12,84,180.67 crore. HDFC Bank’s valuation increased by Rs 17,881.88 crore to Rs 11,80,588.59 crore during this period. ITC’s valuation rose by Rs 15,159.02 crore to Rs 5,61,159.09 crore and Bajaj Finance’s valuation rose by Rs 14,480.29 crore to Rs 4,48,446.82 crore.
ICICI Bank’s valuation rose by Rs 12,085.42 crore to Rs 6,63,370.71 crore and Hindustan Unilever (HUL)’s valuation rose by Rs 11,348.53 crore to Rs 6,02,258.98 crore. The market valuation of State Bank of India (SBI) rose by Rs 10,307.92 crore to Rs 5,10,353.93 crore and that of Infosys rose by Rs 6,355.79 crore to Rs 6,02,747.01 crore.
However, the market valuation of Reliance Industries declined by Rs 574.95 crore to Rs 16,19,332.44 crore. Despite this, Reliance Industries remains the most valuable company in the country. In the ranking of top-10 companies, Reliance Industries is at first place followed by TCS. These are followed by HDFC Bank, ICICI Bank, Infosys, HUL, Bharti Airtel, ITC, SBI and Bajaj Finance.
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