9 of the 10 highest valued companies increase market valuation by Rs 95,522 crore; Reliance and TCS lead the gainers

9 of the 10 highest valued companies increase market valuation by Rs 95,522 crore; Reliance and TCS lead the gainers

The combined market valuation of nine of the top 10 highest valued companies rose by Rs 95,522.81 crore last week, with Reliance Industries, TCS and HUL emerging as the biggest gainers.

The 30-share BSE Sensex rose for the fourth consecutive session on Friday, closing 33.02 points or 0.04 percent higher at 81,086.21.

Last week, the BSE benchmark rose 649.37 points or 0.80 percent.

Reliance Industries’ market capitalization (Mcap) increased by Rs 29,634.27 crore to Rs 20,297,10.68 crore.

TCS’s valuation increased by Rs 17,167.83 crore to Rs 16,151,142.7 crore and Hindustan Unilever’s increased by Rs 15,225.36 crore to Rs 6,611,151.49 crore.

Bharti Airtel’s Mcap rose by Rs 12,268.39 crore to Rs 857,392.26 crore and ICICI Bank’s Mcap rose by Rs 11,524.92 crore to Rs 847,640.11 crore.

ITC rose Rs 3,965.14 crore to Rs 6,323,642.4 crore, while State Bank of India rose Rs 2,498.89 crore to Rs 7,275,789.99 crore.

Moreover, the valuation of Life Insurance Corporation of India increased by Rs 1,992.37 crore to Rs 6,71,050.63 crore and that of Infosys increased by Rs 1,245.64 crore to Rs 7,73,269.13 crore.

However, HDFC Bank’s market capitalization declined by Rs 4,835.34 crore to Rs 1,238,606.19 crore.

Reliance Industries retained the title of the highest valued company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, Hindustan Unilever and ITC.

Leave a Reply

Your email address will not be published. Required fields are marked *