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Home » Business » Seven of top-10 firms add Rs 1.16 lakh cr in m-cap; HDFC Bank lead gainer

Seven of top-10 firms add Rs 1.16 lakh cr in m-cap; HDFC Bank lead gainer

In the ranking of top-10 firms, Reliance Industries remained the most valued domestic company, followed by TCS, HDFC Bank, Infosys, HUL, LIC, ICICI Bank, HDFC, SBI, and Kotak Mahindra Bank.

By Newsd
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RBI directs HDFC to reduce stake in HDFC Ergo, HDFC Life to 50% or below

The combined market valuation of seven of the 10 most valued firms jumped by Rs 1,16,048.1 crore last week, with HDFC Bank emerging as the biggest gainer.

While Infosys, HUL, ICICI Bank, HDFC, SBI, and Kotak Mahindra Bank were the other winners from the top-10 list, Reliance Industries, TCS, and Life Insurance Corporation (LIC) emerged as the laggards.

The market valuation of HDFC Bank jumped from Rs 39,358.5 crore to reach Rs 7,72,514.65 crore.

Kotak Mahindra Bank’s valuation rallied Rs 23,230.8 crore to Rs 3,86,264.80 crore and that of HDFC zoomed Rs 23,141.7 crore to Rs 4,22,654.38 crore.

The market capitalization (m-cap) of ICICI Bank went higher by Rs 21,047.06 crore to Rs 5,14,298.92 crore and that of State Bank of India (SBI) climbed from Rs 5,801 crore to Rs 4,18,564.28 crore.

Infosys added Rs 2,341.24 crore, taking its valuation to Rs 6,14,644.50 crore.

The valuation of Hindustan Unilever Ltd (HUL) rose from Rs 1,127.8 crore to Rs 5,47,525.25 crore.

HDFC Bank standalone net profit jumps 23 pc to Rs 10,055 cr in Q4

In contrast, Reliance Industries’ market valuation tumbled Rs 31,761.77 crore to stand at Rs 17,42,128.01 crore.

The m-cap of Tata Consultancy Services (TCS) tanked Rs 11,599.19 crore to Rs 11,93,655.74 crore and that of LIC fell by Rs 2,972.75 crore to Rs 5,19,630.19 crore.

Last week, the Sensex climbed 558.27 points or 1.02 percent.

Top-10 firms ranking in India

In the ranking of top-10 firms, Reliance Industries remained the most valued domestic company, followed by TCS, HDFC Bank, Infosys, HUL, LIC, ICICI Bank, HDFC, SBI, and Kotak Mahindra Bank.

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