Eight of the 10 most valuable domestic firms added Rs 1,81,209.89 crore to the market valuation last week, with Hindustan Unilever emerging as the biggest gainer. Last week, the BSE benchmark Sensex had gained 1,573.91 points or 2.97 per cent.
From the top-10 pack, only Reliance Industries and Tata Consultancy Services (TCS) were lagging behind. Among the winners, Hindustan Unilever Limited (HUL) added Rs 50,058.05 crore, taking its valuation to Rs 5,86,422.74 crore.
ICICI Bank’s valuation jumped Rs 35,956.8 crore to Rs 5,25,656.96 crore. The market valuation of HDFC Bank rose by Rs 23,940.12 crore to Rs 7,75,832.15 crore and the market capitalization of Life Insurance Corporation of India India (LIC) climbed Rs 19,797.24 crore to Rs 4,47,841.46 crore.
The market capitalization (m-cap) of State Bank of India (SBI) increased by Rs 19,232.55 crore to Rs 4,35,922.66 crore and that of Infosys increased by Rs 15,126.4 crore to Rs 6,37,033.78 crore. Bharti Airtel’s valuation rose by Rs 12,000.08 crore to Rs 3,81,833.20 crore and that of HDFC rose by Rs 5,098.65 crore to Rs 4,06,213.61 crore.
In contrast, the m-cap of TCS declined by Rs 18,770.93 crore to Rs 11,94,625.39 crore. The country’s largest software exporter TCS on Friday reported a net profit of Rs 9,478 crore, up 5.2 per cent in the June quarter. The results were declared after market time.
The valuation of Reliance Industries declined by Rs 11,805.14 crore to Rs 16,17,879.36 crore. In the ranking of top-10 firms, Reliance Industries remained the most valuable firm, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC and Bharti Airtel.
,
Network18 and TV18 – the companies that operate news18.com – are controlled by the Independent Media Trust, of which Reliance Industries is the sole beneficiary.
read all breaking news, today’s fresh newswatch top videos And live TV Here.