Reliance’s market cap jumped the most last week, while TCS shares were the biggest losers.
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Last week, the market cap of Reliance Industries increased by Rs 63,259.05 crore to reach Rs 17,42,415.47 crore. After this, Hindustan Unilever benefited the most. The market cap of the company increased by Rs 18,737.99 crore to Rs 6,38,019.76 crore. The market valuation of FMCG company ITC jumped by Rs 18,331.32 crore to Rs 5,63,237.76 crore. The valuation of Infosys, the country’s second largest IT company, climbed Rs 11,059.41 crore to reach Rs 5,36,433.55 crore. Bharti Airtel’s market cap rose by Rs 2,016.08 crore to Rs 4,66,412.79 crore and that of HDFC gained Rs 299.97 crore to reach Rs 4,89,496.34 crore.
TCS suffered the most
Contrary to this trend, the market capitalization of Tata Group company TCS declined by Rs 12,879.86 crore to Rs 11,61,840.29 crore. The company’s shares fell more than one percent on Friday. This resulted in a loss of over Rs 15,000 crore to the company. The country’s largest public sector bank SBI came down to Rs 5,09,863.08 crore with a loss of Rs 6,514.97 crore. HDFC Bank’s market cap declined by Rs 4,722.95 crore to Rs 8,95,458.57 crore. ICICI Bank’s valuation declined by Rs 1,882.67 crore to Rs 6,53,980.16 crore. Reliance Industries retained the first position among the top 10 Sensex companies. It was followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, ITC, Infosys, SBI, HDFC and Bharti Airtel respectively.
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