The combined market capitalization of eight out of the top-10 most valued companies increased Rs 1,21,270.83 crore last week, aligning with the outstanding rally in benchmark equity indices, with the BSE Sensex surging 1,027.54 points or 1.21 per cent. The benchmark hit its record high of 85,978.25 on Friday.
Reliance Industries emerging as the biggest gainer, in term of marker valuation after it registered an increase of Rs 53,652.92 crore, taking the total to Rs 20,65,197.60 crore followed by Bharti Airtel.
Bharti Airtel’s market valuation soared by Rs 13,094.52 crore to Rs 9,87,904.63 crore, while ITC’s valuation grew by Rs 9,927.3 crore to Rs 6,53,834.72 crore.
Tata Consultancy Services (TCS) market capitalisation (mcap) surge by Rs 8,592.96 crore to Rs 15,59,052 crore. HDFC Bank’s valuation climbed by Rs 8,581.64 crore to Rs 13,37,186.93 crore, and Life Insurance Corporation of India (LIC) witnessed an increase of Rs 8,443.87 crore to Rs 6,47,616.51 crore. Infosys’ mcap went up by Rs 459.05 crore to Rs 7,91,897.44 crore.
However, ICICI Bank’s market valuation tumbled by Rs 23,706.16 crore to Rs 9,20,520.72 crore, and Hindustan Unilever’s mcap declined by Rs 3,195.44 crore to Rs 6,96,888.77 crore.
In the ranking of the most valued firms, Reliance Industries retained the top spot, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC, and LIC.