India's top 6 firms add ₹1.18L crore to market cap
What's the story
Six of India's top 10 most valued companies saw their combined market valuation jump by a whopping ₹1.18 lakh crore last week. The biggest gainers were HDFC Bank and Bharti Airtel, whose market capitalizations rose by ₹32,639.98 crore and ₹31,003.44 crore, respectively. The surge was in line with the overall positive trend in the equity market during the same period.
Additional gainers
Other firms also experienced significant growth
Along with HDFC Bank and Bharti Airtel, other companies like Bajaj Finance, Infosys, Reliance Industries, and ICICI Bank also witnessed significant growth. Bajaj Finance's market cap increased by ₹29,032.08 crore while that of Infosys increased by ₹21,114.32 crore. Reliance Industries's market cap rose modestly by ₹2,977.12 crore while ICICI Bank's valuation increased by ₹1,384.81 crore last week.
Market dips
Some top firms faced a decrease in market valuation
Despite the overall positive trend, some companies saw a dip in their market valuation. Tata Consultancy Services (TCS), State Bank of India, Hindustan Unilever, and ITC witnessed a dip in their valuations last week. The four firms lost a combined ₹1.15 lakh crore, with ITC taking the biggest hit of ₹39,474.45 crore followed by Hindustan Unilever which lost ₹33,704.89 crore from its market cap.
Market leaders
Reliance Industries remains India's most valued firm
Despite the ups and downs, Reliance Industries remains India's most valued domestic firm with a market cap of ₹17.14 lakh crore. It is followed by TCS and HDFC Bank in terms of market valuation. The list also features other giants such as Bharti Airtel, ICICI Bank, Infosys, Hindustan Unilever, State Bank of India, ITC and Bajaj Finance.