Mcap of 7 of top 10 most valued companies rises by Rs 1.28 lakh cr; RIL, Airtel biggest gainers

The combined market valuation of seven of the top 10 most valued companies rose by Rs 1,28,281.52 crore last week, with Reliance Industries and Bharti Airtel emerging as the biggest gainers, in line with a positive trend in equities.Last week, the benchmark BSE rose 669.14 points or 0.79 percent.

While Reliance Industries, HDFC Bank, Bharti Airtel, Tata Consultancy Services (TCS), State Bank of India, Infosys and Hindustan Unilever were the gainers, Bajaj Finance, Life Insurance Corporation of India (LIC) and ICICI Bank faced erosion in their valuations.The market valuation of Reliance Industries rose by Rs 36,673 crore to Rs 20,92,052.61 crore.

Bharti Airtel’s valuation increased by Rs 36,579.01 crore to Rs 12,33,279.85 crore.

Infosys’ valuation rose by Rs 17,490.03 crore to Rs 6,41,688.83 crore, and TCS’s rose by Rs 16,299.49 crore to Rs 11,39,715.66 crore. HDFC Bank’s market capitalization (mcap) grew by Rs 14,608.22 crore. to Rs 15,35,132.56 crore, and that of State Bank of India increased by Rs 4,846.08 crore to Rs 8,97,769.87 crore. Hindustan Unilever’s mcap advanced by Rs 1,785.69 crore to Rs 5,71,972.75 crore.

However, Bajaj Finance’s market valuation fell by Rs 8,244.79 crore to Rs 6,25,328.59 crore.

LIC’s mcap fell by Rs 4,522.38 crore to Rs 5,70,578.04 crore.

ICICI Bank’s mcap fell by Rs 1,248.08 crore to Rs 9,79,126.35 crore.

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