New Delhi: The combined market valuation of nine of the top-10 most valued firms climbed Rs1,30,391.96 crore last week, with Bharti Airtel and Tata Consultancy Services (TCS) emerging as the biggest gainers, amid an overall optimistic trend in equities.
Last week, the BSE benchmark jumped 1,511.15 points or 2.29 per cent. Barring Reliance Industries, nine other companies including HDFC Bank, ICICI Bank, Infosys and Hindustan Unilever witnessed addition in their market valuation. Bharti Airtel’s valuation rallied Rs23,746.04 crore to Rs5,70,466.88 crore. The market capitalisation (mcap) of TCS jumped by Rs19,027.07 crore to reach Rs12,84,180.67 crore. HDFC Bank added Rs17,881.88 crore, taking its market valuation to Rs11,80,588.59 crore. ITC’s mcap climbed Rs15,159.02 crore to Rs5,61,159.09 crore and that of Bajaj Finance soared Rs14,480.29 crore to Rs4,48,446.82 crore.
The valuation of ICICI Bank surged Rs12,085.42 crore to Rs6,63,370.71 crore and that of Hindustan Unilever advanced Rs11,348.53 crore to Rs6,02,258.98 crore. The mcap of State Bank of India went up by Rs10,307.92 crore to Rs5,10,353.93 crore and that of Infosys climbed Rs6,355.79 crore to Rs6,02,747.01 crore. However, the market valuation of Reliance Industries declined by Rs574.95 crore to Rs16,19,332.44 crore. In the ranking of top-10 firms, Reliance Industries retained the title of the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India and Bajaj Finance.
