Rise In Market Capitalization Of Top Nine Companies
Rise in market capitalization of the top nine companies, Reliance Industries is the biggest gainer: M-Cap.
Nine out of the 10 most valuable companies in India have added a total amount of Rs 2,22,591.01 crore in last week’s market valuation.
Among them, giants RIL, Tata Consultancy Services (TCS) and HDFC, and HDFC Bank gained the most.
Last week, the BSE benchmark Sensex had gained 1,690.88 points, or 3.21 percent, after which the Sensex reached an all-time high of 54,717.24 on August 5.
Reliance Industries Limited (RIL), Tata Consultancy Services (TCS), HDFC Bank, Infosys, Hindustan Unilever Limited (HUL), ICICI Bank, HDFC, State Bank of India, and Kotak Mahindra Bank have seen an increase in the market capitalization.
Although the market valuation of Bajaj Finance, a company included in the top ten, has decreased during this period.
Rise in market capitalization: the market cap of these companies increased.
Among the top 10 companies where the market capitalization of TCS increased by Rs 52,766.97 crore to Rs 12,24,441.49 crore.
At the same time, the market capitalization of HDFC Bank increased by Rs 37,563.09 crore to Rs 8,26,332.67 crore.
HDFC’s market valuation stood at Rs 4,74,912.16 crore in the week under review. In the last trading week, the company has added Rs 34,173.81 crore to the M-cap.
The market capitalization of Reliance Industries has increased by Rs 34,011.11 crore to Rs 13,24,341.36 crore.
Similarly, the m-cap of Infosys rose by Rs 17,078.94 crore to Rs 7,02,898.22 crore and that of ICICI Bank by Rs 10,181.46 crore to Rs 4,83,030.92 crore.
On the other hand, HUL’s m-cap has increased by Rs 8,705.23 crore to Rs 5,57,111.01 crore.
Along with this, the m-cap of the State Bank of India has also increased by Rs 3,525.22 crore to Rs 3,88,800.70 crore.
Only this company’s m-cap decreased in the top 10.
While the m-cap of 9 companies out of the top 10 companies has increased, the market capitalization of only one company Bajaj Finance has seen a decline.
Its m-cap has declined by Rs 344.05 crore to Rs 3,75,628.83 crore.
Reliance Industries is currently running at the first position in the list of top 10 companies, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, HDFC, State Bank of India, Bajaj Finance, and Kotak Mahindra Bank respectively.
