Eight of the top 10 most valued companies added Rs 1,91,622.95 crore to their market valuation last week, with Bajaj Finance and Tata Consultancy Services emerging as leaders.
The 30-share BSE Sensex rose 1,498.02 points or 2.67 percent last week.
Of the pack of winners, Bajaj Finance’s market valuation increased by Rs 57,673.19 crore to Rs 4,36,447.88 crore at the close on Friday.
The market capitalization (mcap) of Tata Consultancy Services (TCS) increased by Rs 47,494.49 crore to Rs 12,07,779.68 crore.
HDFC Bank added Rs 23,481.09 crore to its valuation at Rs 7,97,251.18 crore and Infosys’ mcap increased by Rs 18,219 crore to Rs 6,52,012.91 crore.
HDFC’s valuation rose by Rs 14,978.42 crore to Rs 4,31,679.65 crore and that of State Bank of India advanced Rs 12,940.69 crore to Rs 4,71,397.99 crore. rupees
ICICI Bank’s valuation rose Rs 12,873.62 crore to Rs 5,69,400.43 crore and that of Reliance Industries Limited advanced Rs 3,962.45 crore to Rs 16,97,208.18 crore.
However, the valuation of Life Insurance Corporation of India (LIC) declined by Rs 7,020.75 crore to Rs 4,28,739.97 crore.
Hindustan Unilever’s mcap fell by Rs 810.61 crore to Rs 6,19,551.97 crore.
In the top 10 companies ranking, Reliance Industries retained the title of the most valued company, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, State Bank of India, Bajaj Finance, HDFC and LIC.
(Only the title and image for this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)
dear reader,
Business Standard has always gone to great lengths to provide up-to-date information and commentary on developments that matter to you and have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only made our determination and commitment to these ideals stronger. Even during these challenging times resulting from Covid-19, we remain committed to keeping you informed and up-to-date with credible news, authoritative opinion and incisive commentary on relevant topical issues.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more so we can continue to bring you more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve our goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we’re committed to.
Support quality journalism and subscribe to Business Standard.
Digital editor
