Eight of the 10 most valued companies in the country have increased their market capitalization (market cap).
Last week, the market capitalization (market cap) of eight of the 10 most valuable companies in the country has increased. The combined market cap of these companies increased by Rs 1,39,566.52 crore last week. Reliance Industries, TCS and Infosys were the biggest beneficiaries in this. On a weekly basis, the BSE Sensex gained 882.40 points or 1.74 per cent during the last week.
Valuation of HUL and Bajaj Finance declines
During the week ended last Friday, only two companies, Hindustan Unilever and Bajaj Finance saw a decline in the market capitalization. Among the profitable companies, the market valuation of Reliance Industries jumped 59,590.77 points to reach Rs 13,28,049.94 crore.
Tata Consultancy Services ‘mCap grew by Rs 23,562.96 crore to Rs 11,63,018.74 crore, while Infosys’ market capitalization rose by Rs 21,395.27 crore to Rs 5,98,604.10 crore. The market capitalization of state-owned State Bank of India (SBI) rose by Rs 18,697.06 crore to Rs 3,76,663.23 crore. At the same time, Kotak Mahindra Bank’s MCAP increased by Rs 8,435.06 crore to Rs 3,56,849.67 crore.
HDFC’s market valuation rose by Rs 4,555.41 crore to Rs 4,58,418.62 crore and HDFC Bank’s (HDFC Bank) MCAP rose by Rs 2,721.71 crore to Rs 8,28,341.24 crore. ICICI Bank’s market valuation rose by Rs 608.28 crore to Rs 4,45,171.34 crore in the previous week. On the other hand, Hindustan Unilever’s MCAP declined by Rs 8,904.94 crore to Rs 5,45,762.50 crore and Bajaj Finance’s market capitalization fell by Rs 1,282.63 crore to Rs 3,38,589.27 crore.
Reliance Industries was the most valuable company in the country. It was followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, State Bank of India, Kotak Mahindra Bank and Bajaj Finance respectively.
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