Seven most valuable entities add Rs 1.16 lakh crore to market capitalization


Market valuation of seven most valuable companies increased last week led by HDFC Bank

New Delhi:

The combined market valuation of seven of the 10 most valuable firms soared Rs 1,16,048.1 crore last week, with HDFC Bank emerging as the biggest beneficiary.

While Infosys, Hindustan Unilever Limited (HUL), ICICI Bank, HDFC, State Bank of India (SBI) and Kotak Mahindra Bank were the other winners in the top-10 list, Reliance Industries, Tata Consultancy Service (TCS) and Life Insurance Corporation (LIC) ) emerged as backward.

HDFC Bank’s market capitalization jumped Rs 39,358.5 crore to Rs 7,72,514.65 crore.

The valuation of Kotak Mahindra Bank rose by Rs 23,230.8 crore to Rs 3,86,264.80 crore and that of HDFC rose by Rs 23,141.7 crore to Rs 4,22,654.38 crore.

The market capitalization (m-cap) of ICICI Bank rose by Rs 21,047.06 crore to Rs 5,14,298.92 crore and that of SBI increased by Rs 5,801 crore to Rs 4,18,564.28 crore.

Infosys added Rs 2,341.24 crore, taking its valuation to Rs 6,14,644.50 crore.

HUL’s valuation rose by Rs 1,127.8 crore to Rs 5,47,525.25 crore.

In contrast, the market valuation of Reliance Industries declined by Rs 31,761.77 crore to Rs 17,42,128.01 crore.

The m-cap of TCS declined by Rs 11,599.19 crore to Rs 11,93,655.74 crore and that of LIC by Rs 2,972.75 crore to Rs 5,19,630.19 crore.

Last week, the Sensex had gained 558.27 points or 1.02 per cent.

In the ranking of top-10 firms, Reliance Industries remained the most valuable domestic company, followed by TCS, HDFC Bank, Infosys, HUL, LIC, ICICI Bank, HDFC, SBI and Kotak Mahindra Bank.

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