M-cap of 7 of top 10 most valued companies rises by Rs 1.55 lakh cr; Confidence, TCS shine

The combined market valuation of seven of the top 10 most valued companies rose by Rs 1,55,710.74 crore last week during the holiday shortening, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid a positive trend in domestic equities.

Last week, the benchmark BSE rose 259.69 points or 0.30 percent. On Thursday, the 30-share BSE Sensex hit a 52-week high of 85,290.06.

Among the top 10, Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS), State Bank of India, Bajaj Finance, Infosys and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, ICICI Bank and Hindustan Unilever saw their valuations erode.

Reliance Industries added Rs 46,687.03 crore, taking its market valuation to Rs 19,64,170.74 crore.

The market capitalization (mcap) of TCS increased by Rs 36,126.6 crore to Rs 11,08,021.21 crore.

Infosys’ valuation rose by Rs 34,938.51 crore to Rs 6,33,712.38 crore, and State Bank of India’s rose by Rs 13,892.07 crore to Rs 8,34,817.05 crore. Bajaj Finance’s mcap rose by Rs 11,947.17 crore to Rs 8,34,817.05 crore. Rs 6,77,846.36 crore, while that of Bharti Airtel rose by Rs 9,779.11 crore to Rs 11,57,014.19 crore.LIC added Rs 2,340.25 crore, taking its market value to Rs 5,62,513.67 crore.

However, ICICI Bank’s mcap fell by Rs 43,744.59 crore to Rs 9,82,746.76 crore.

Hindustan Unilever’s valuation fell by Rs 20,523.68 crore to Rs 5,91,486.10 crore, and that of HDFC Bank fell by Rs 11,983.68 crore to Rs 15,28,227.10 crore.

Reliance Industries remained the most valued domestic company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever Ltd and LIC.