Top-5 firms’ mcap soars by `86,234.73 cr
TCS biggest gainer
New Delhi: The combined market valuation of five of the top-10 most valued firms jumped Rs86,234.73 crore in a holiday-shortened last week, with Tata Consultancy Services (TCS) emerging as the biggest gainer.
While TCS, HDFC Bank, Infosys, Hindustan Unilever and Bajaj Finance were the gainers, Reliance Industries, ICICI Bank, ITC, State Bank of India and Bharti Airtel emerged as the laggards. Last week, the BSE benchmark climbed 167.22 points or 0.25 per cent. The market valuation of TCS rallied Rs32,730.22 crore to Rs13,24,649.78 crore, the most among the top-10 firms.
Bajaj Finance added Rs21,697.96 crore taking its valuation to Rs4,94,884.37 crore. The valuation of Infosys jumped Rs18,057.94 crore to Rs6,13,655.04 crore and that of Hindustan Unilever climbed Rs7,730.16 crore to Rs5,87,104.12 crore. The market capitalisation (mcap) of HDFC Bank gained Rs6,018.45 crore to Rs11,63,164.31 crore.
However, the valuation of Reliance Industries declined Rs19,336.49 crore to Rs15,68,216.88 crore and that of ICICI Bank diminished by Rs4,671.54 crore to Rs6,62,057.43 crore.
The mcap of State Bank of India fell by Rs4,105.33 crore to Rs5,30,211.19 crore and that of ITC eroded by Rs2,743.6 crore to Rs5,51,463.84 crore. Bharti Airtel’s market valuation dipped Rs196.19 crore to Rs5,19,082.95 crore. Reliance Industries remained the country’s most valued firm followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.