Seven Most Valued Entities Add Rs 1.16 Lakh Crore in Market Capitalisation

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

The combined market valuation of seven of the 10 most valued firms jumped by Rs 1,16,048.1 crore last week, with HDFC Bank emerging as the biggest gainer.

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

The market valuation of HDFC Bank jumped Rs 39,358.5 crore to reach Rs 7,72,514.65 crore.

Kotak Mahindra Bank's valuation rallied Rs 23,230.8 crore to Rs 3,86,264.80 crore and that of HDFC zoomed Rs 23,141.7 crore to Rs 4,22,654.38 crore.

The market capitalisation (m-cap) of ICICI Bank went higher by Rs 21,047.06 crore to Rs 5,14,298.92 crore and that of SBI climbed 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.

The valuation of HUL rose Rs 1,127.8 crore to Rs 5,47,525.25 crore.

In contrast, Reliance Industries' market valuation tumbled Rs 31,761.77 crore to stand at Rs 17,42,128.01 crore.

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

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

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