New Delhi: Five of the top 10 valued firms added Rs 88,604.99 crore to their market valuation last week, with State Bank of India and ICICI Bank emerging as the biggest gainers. While HDFC Bank, ICICI Bank, State Bank of India, HDFC and Bharti Airtel saw gains in their market valuations, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever and ITC were laggards.
The BSE benchmark had gained 345.04 points, or 0.58 per cent, last week. State Bank of India’s valuation rose by Rs 35,832.32 crore to Rs 5,00,759.98 crore, the highest among top 10 firms. ,ALSO READ: Government not in ‘crazy rush’ to sell everything: Finance Minister Nirmala Sitharaman,
The market capitalization (MCap) of ICICI Bank rose by Rs 20,360.13 crore to Rs 6,06,514.71 crore. HDFC Bank’s valuation rose by Rs 15,236.59 crore to Rs 9,01,307.58 crore and that of HDFC rose by Rs 13,051.48 crore to Rs 4,84,417.42 crore. ,Also Read: International Women’s Day 2023: 3 Investment Options You Can Consider,
The market capitalization of Bharti Airtel rose by Rs 4,124.47 crore to Rs 4,26,158.52 crore.
However, the market capitalization of Infosys declined by Rs 30,150.9 crore to Rs 6,22,711.80 crore and that of Tata Consultancy Services declined by Rs 20,966.36 crore to Rs 12,23,129.40 crore.
The mcap of Hindustan Unilever declined Rs 3,336.42 crore to Rs 5,80,360.79 crore and that of Reliance Industries declined Rs 507.03 crore to Rs 16,13,602.63 crore.
ITC’s valuation declined by Rs 24.72 crore to Rs 4,77,886.13 crore.
In the top-10 ranking, Reliance Industries retained the tag of the most valuable firm followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC, ITC and Bharti Airtel.