“Market Movements: Winners and Losers in India’s Top Companies”
The combined market value of six out of the top ten most valued companies dropped by Rs 68,417.14 crore in the last week, due to the decline in…
The combined market value of six out of the top ten most valued companies dropped by Rs 68,417.14 crore in the last week, due to the decline in Bharti Airtel and Reliance Industries. The companies that suffered losses were Reliance Industries, Bharti Airtel, Life Insurance Corporation of India (LIC), Infosys, ITC, and Hindustan Unilever. On the other hand, the gainers were TCS, HDFC Bank, ICICI Bank, and State Bank of India. The BSE benchmark saw a rise of 147.99 points or 0.20% last week, despite being closed on Wednesday due to Maharashtra Day.
The market capitalisation (mcap) of Bharti Airtel fell by Rs 27,635.65 crore to Rs 7,23,770.70 crore, and the valuation of Reliance Industries declined by Rs 23,341.56 crore to Rs 19,40,738.40 crore. The mcap of LIC dropped by Rs 5,724.13 crore to Rs 6,19,217.27 crore, and that of Infosys went lower by Rs 5,686.69 crore to Rs 5,87,949.62 crore. ITC’s valuation eroded by Rs 4,619.35 crore to Rs 5,44,645.97 crore, and that of Hindustan Unilever dipped by Rs 1,409.76 crore to Rs 5,20,551.94 crore.
However, the mcap of State Bank of India climbed Rs 26,907.71 crore to Rs 7,42,126.11 crore, and ICICI Bank added Rs 24,651.55 crore, taking its valuation to Rs 8,02,401.77 crore. The mcap of TCS rallied Rs 9,587.93 crore to Rs 13,89,110.43 crore, and that of HDFC Bank went up by Rs 6,761.25 crore to Rs 11,53,704.84 crore.
Reliance Industries remained the most valued company among the top ten pack, followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, LIC, Infosys, ITC, and Hindustan Unilever.