Six of the top 10 most valued Indian companies collectively added Rs 86,847.88 crore to their market capitalisation last week, with Reliance Industries and HDFC Bank leading the gains. The broader market also saw positive momentum as the BSE Sensex climbed 657.48 points (0.84 per cent) and the Nifty rose 225.9 points (0.95 per cent) over the week.
HDFC Bank’s market capitalization surged by Rs 20,235.95 crore, reaching Rs 13,74,945.30 crore, while Reliance Industries added Rs 20,230.9 crore, bringing its valuation to Rs 16,52,235.07 crore. ITC’s valuation jumped by Rs 17,933.49 crore to Rs 5,99,185.81 crore, and ICICI Bank saw a rise of Rs 15,254.01 crore, pushing its market cap to Rs 9,22,703.05 crore.
Also ReadVodafone Group repays Rs 11,650 crore debt, pledge on Vodafone Idea shares released
Bharti Airtel’s valuation climbed Rs 11,948.24 crore to Rs 9,10,735.22 crore, while Hindustan Unilever’s market cap rallied by Rs 1,245.29 crore to reach Rs 5,49,863.10 crore.
However, not all firms saw positive movement. The State Bank of India (SBI) faced a setback, with its valuation dropping by Rs 11,557.39 crore to Rs 7,13,567.99 crore. LIC’s market cap fell by Rs 8,412.24 crore to Rs 5,61,406.80 crore, and Infosys saw a reduction of Rs 2,283.75 crore, bringing its valuation down to Rs 7,95,803.15 crore. Tata Consultancy Services (TCS), despite remaining one of the most valued firms, saw a minor dip of Rs 36.18 crore, settling at Rs 15,08,000.79 crore.
Also ReadVenture Capital activity surges in 2024- 22% more deals, 14% jump in funding value
Despite some setbacks, Reliance Industries retained its position as the most valued domestic firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, SBI, ITC, LIC, and Hindustan Unilever.
The week’s market movements reflect a mixed performance across key companies, with some sectors seeing strong gains while others experienced declines.
(With PTI Inputs)
» Read More
