M-cap of eight of top-10 most-valued firms jumps over Rs 1.18 lakh crore
The 30-share BSE benchmark gained 760.69 points during the last week. Markets were closed on Friday on the occasion of 'Diwali Balipratipada'.
Market capitalization of eight of top-10 most valued listed companies swelled by Rs 1,18,930.01 crore in the last week with Tata Consultancy Services (TCS) and State Bank of India (SBI) leading the pack. On the other hand, Reliance Industries Ltd and ICICI Bank were the only laggards in the top-10 list.
The 30-share BSE benchmark gained 760.69 points or 1.28% during the last week. Markets were closed on Friday on the occasion of ‘Diwali Balipratipada’.
The market capitalization of TCS surged Rs 40,782.04 crore to reach Rs 12,98,015.62 crore.
The m-cap of SBI, country’s largest lender, jumped Rs 25,033.54 crore taking its valuation to Rs 4,73,406.02 crore.
Infosys’ valuation advanced Rs 17,158.49 crore to Rs 7,18,890.08 crore and that of HDFC gained Rs 10,153.08 crore to Rs 5,24,370.77 crore.
Bajaj Finance added Rs 7,502.68 crore taking its valuation to Rs 4,54,304.34 crore.
Valuation of Hindustan Unilever Ltd jumped Rs 6,978.29 crore to Rs 5,69,458.69 crore and that of HDFC Bank rallied Rs 6,453.41 crore to Rs 8,82,981.83 crore.
Kotak Mahindra Bank’s valuation inched higher by Rs 4,868.48 crore to Rs 4,07,881.48 crore.
On the contrary, the market capitalization of Reliance Industries Ltd (RIL) dropped Rs 24,612.17 crore to Rs 15,85,074.58 crore.
ICICI Bank’s m-cap fell Rs 13,680.32 crore to Rs 5,42,827.39 crore.
In terms of ranking of top-10 firms, RIL retained the top slot with the highest m-cap, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, HDFC, State Bank of India, Bajaj Finance and Kotak Mahindra Bank.