Market Capitalization Of Top 9 Companies Increased
Market capitalization of top 9 companies increased, Reliance was the biggest gainer: M-Cap.
Nine out of the ten most valuable domestic companies saw a total increase of Rs 2,93,804.34 crore in market capitalization last week.
During this period, the most valuable domestic firm Reliance Industries Limited has benefited the most. This increase in market valuation is in line with the record-breaking rally in the stock market.
Along with this, the trend of bullishness in the stock market also continued in the last week.
The BSE 30-share benchmark had jumped 2,005.23 points or 3.57 percent last week. It had crossed the 58,000 mark for the first time on Friday.
The Sensex had gone above the 57,000 level only last week. The BSE benchmark has gained more than nine percent in the last month.
While nine out of the top 10 companies have seen an increase in market valuation, Infosys is the only company on the list that lags behind.
On the other hand, the market valuation of Reliance Industries Ltd rose by Rs 1,02,382 crore to Rs 15,14,017.50 crore.
The company’s market valuation touched a record Rs 15 lakh crore on Friday, becoming the first domestic company to achieve the historic feat.
Besides, the market capitalization (m-cap) of Tata Consultancy Services rose by Rs 44,832.5 crore to Rs 14,20,935.10 crore.
The valuation of Bharti Airtel rose by Rs 35,342.16 crore to Rs 3,61,540.16 crore and that of Bajaj Finance rose by Rs 33,906.91 crore to Rs 4,54,207.76 crore.
With this, the m-cap of Hindustan Unilever Limited increased by Rs 20,712.29 crore to Rs 6,49,943.93 crore and that of ICICI Bank by Rs 17,373.55 crore to Rs 5,02,232.46 crore.
State Bank of India added Rs 17,001.38 crore and its valuation stood at Rs 3,85,007.74 crore.
HDFC Bank’s valuation rose by Rs 14,954.74 crore to Rs 8,72,362.42 crore and that of HDFC rose by Rs 7,298.81 crore to Rs 4,98,290.05 crore.
On the other hand, the valuation of Infosys alone in this list has come down and its market valuation has come down by Rs 3,457.12 crore to Rs 7,21,244.78 crore.
Reliance Industries Limited remained the most valuable firm during this period.
It was followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, ICICI Bank, HDFC, Bajaj Finance, State Bank of India, and Bharti Airtel.
