Mcap of 7 of top 10 most valued companies rises by Rs 1.23 lakh cr; Trust is the biggest winner

The combined market capitalization of seven of the top 10 most valued companies rose by Rs 1,23,724.19 crore last week, in line with a bullish trend in equities, with Reliance Industries stealing the spotlight with the biggest jump in valuation.Last week, the benchmark BSE rose 720.56 points, or 0.84 percent.

Among the top 10, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Larsen & Toubro and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), Infosys and Bajaj Finance faced valuation erosion.The market valuation of Reliance Industries rose Rs 45,266.12 crore to Rs 21,54,978.60 crore.

State Bank of India added Rs 30,414.89 crore, taking its valuation to Rs 9,22,461.77 crore.

Larsen & Toubro’s valuation rose by Rs 16,204.34 crore to Rs 5,72,640.56 crore and Hindustan Unilever’s rose by Rs 14,626.21 crore to Rs 5,51,637.04 crore.

HDFC Bank’s market capitalization (mcap) rose by Rs 13,538.43 crore to Rs 15,40,303.87 crore and that of ICICI Bank advanced Rs 3,103.99 crore to Rs 9,68,773.14 crore. Bharti Airtel’s mcap rose by Rs 570.21 crore to Rs 12,01,262.53 crore.

However, TCS’s market valuation has eroded Rs 10,745.72 crore to Rs 11,75,914.62 crore.

Infosys’ mcap fell Rs 6,183.25 crore to Rs 6,81,635.59 crore and Bajaj Finance’s fell Rs 5,693.58 crore to Rs 6,16,430.43 crore.

Reliance Industries retained the title of most valued company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro and Hindustan Unilever.