Reliance Industries top gainer among 10 most valued companies

• Follow

The market capitalisation (mcap) of Mukesh Ambani-led Reliance Industries jumped Rs 23,582.73 crore to reach Rs 15,37,600.23 crore at the end of the truncated week on Thursday, emerging as the top gainer among the 10 most valued companies. Markets were closed on Friday on account of Ganesh Chaturthi.

Five out of the 10 most valued firms added Rs 62,508.32 crore to their total mcap last week.

FMCG giant HUL, Motrgage lender HDFC, State Bank of India and Bharti Airtel were the other gainers while Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank and Bajaj Finance took a hit in their market valuation.

Bharti Airtel’s valuation stood at Rs 3,76,917.83 crore, while that of HDFC rose to Rs 5,11,126.48 crore at Thursday’s close.

The mcap of Hindustan Unilever increased by Rs 9,997.52 crore to Rs 6,59,941.45 crore and that of State Bank of India by Rs 713.97 crore to Rs 3,85,721.71 crore.

On the other hand, the market valuation of TCS dropped from Rs 18,347.3 crore to Rs 14,02,587.80 crore.

The valuation of Bajaj Finance dropped Rs 5,824.68 crore to Rs 4,48,383.08 crore. HDFC Bank’s mcap declined by Rs 4,429.22 crore to Rs 8,67,933.20 crore. Infosys’ valuation dipped Rs 3,605.59 crore to Rs 7,17,639.19 crore.

The mcap of ICICI Bank eroded by Rs 3,013.49 crore to Rs 4,99,218.97 crore.

In the ranking of top-10 firms, RIL was on the top spot followed by TCS, HDFC Bank, Infosys, HUL, HDFC Ltd, ICICI Bank, Bajaj Finance, SBI and Bharti Airtel.

During the last week, the 30-share BSE benchmark rose 175 points or 0.30% to settle at 58,305. The Nifty 50 index gained 45 points or 0.26% to settle at 17,369. On the other side, the broader markets outperformed as the BSE MidCap index added 323 points or 1.33% to settle at 24,705. The BSE SmallCap index advanced 339 points or 1.24% to settle at 27,645.