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Mcap of eight of top 10 firms jumps over Rs 1.91 trn; Bajaj Finance shines

Editorial Board by Editorial Board
July 31, 2022
in Finance News
Reading Time: 2 mins read
0




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.)

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