The combined market valuation of nine of the top-10 most valued firms surged by Rs 2,29,589.86 crore last week, driven by a rally in benchmark indices. Life Insurance Corporation of India (LIC) emerged as the biggest gainer, with its valuation jumping by Rs 60,656.72 crore to reach Rs 6,23,202.02 crore.
HDFC Bank added Rs 39,513.97 crore to its valuation, which now stands at Rs 13,73,932.11 crore. Reliance Industries saw its market valuation rise by Rs 35,860.79 crore to Rs 17,48,991.54 crore, while Bharti Airtel’s valuation soared by Rs 32,657.06 crore to Rs 9,26,725.90 crore.
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State Bank of India’s market capitalisation climbed by Rs 20,482 crore to Rs 7,48,775.62 crore, and ICICI Bank’s market value rose by Rs 15,858.02 crore to Rs 9,17,724.24 crore.
Hindustan Unilever’s valuation increased by Rs 11,947.67 crore to Rs 5,86,516.72 crore, and Tata Consultancy Services (TCS) added Rs 10,058.28 crore, bringing its valuation to Rs 15,46,207.79 crore. ITC’s market capitalisation rose by Rs 2,555.35 crore to Rs 5,96,828.28 crore.
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However, Infosys saw its market value decline by Rs 18,477.5 crore, bringing its valuation to Rs 7,71,674.33 crore. Reliance Industries remained the most valued domestic firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, ITC, and Hindustan Unilever.
(With PTI Inputs)
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