New Delhi: 9 of the 10 most valued firms added Rs 2.51 lakh crore to their market valuation last week, with Tata Consultancy Services emerging as the biggest gainer. IT major TCS added ₹74,534.87 crore to its market valuation, which stood at ₹12,04,907.32 crore, at close on Friday.
On weekly basis, Sensex jumped 2.66% or 1,367 points after two straight weeks of losses. On Friday, Sensex settled at 52,727.98 as 23 of its constituents ended in the green. HDFC Bank, Infosys, Hindustan Unilever Limited and ICICI Bank were among the gainers while Reliance Industries was the sole loser in the pack.
The market capitalisation (m-cap) of Hindustan Unilever jumped by Rs 44,888.95 crore to Rs 5,41,240.10 crore. HDFC Bank’s valuation rose by Rs 35,427.18 crore to Rs 7,51,800.31 crore and that of HDFC’s by Rs 24,747.87 crore to Rs 3,97,190.50 crore. Infosys’s market valuation jumped ₹22,888.49 crore to ₹6,06,734.50 crore and that of ICICI Bank went up by ₹17,813.78 crore to ₹4,96,354.36 crore.
Bharti Airtel’s mcap increased by ₹15,185.45 crore to ₹3,68,789.63 crore and that of State Bank of India by ₹11,914.36 crore to ₹4,05,489.73 crore. Life Insurance Corporation (LIC) added Rs 4,427.5 crore, taking its valuation to Rs 4,18,525.10 crore. On the other hand, the market valuation of Reliance Industries fell by Rs 59,901.07 crore to Rs 16,91,785.45 crore.
In the ranking of top-10 firms, Reliance Industries remained the most valued company, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, LIC, State Bank of India, HDFC and Bharti Airtel.