Nine out of top-10 most valuable firms added Rs 1.84 lakh crore to mcap last week

Last week, the BSE benchmark jumped 1,457.38 points or 2.44 per cent. Its market capitalization stood at 2,71,82,859 crore which was above 6,85,828 crore in the last five weeks.

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Share price of Reliance Industries has gained around 2.3% in last five weeks. Its share price closed 1.8% higher 2420.20 each on Friday. This zoomed its market capitalization 48,238.78 crore from 16,37,408.27 crores.

Another frontrunner, State Bank of India saw a jump of around 4.9% in its share price in the last five days. Its shares closed up 2.32% 578.05 each on Friday. Its market capitalization has increased 31,325.39 crore from 5,15,887.19 crore in the last five days.

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Shares of ICICI Bank closed marginally lower after reporting nearly 26 per cent growth in its net profit for the January-March quarter of FY23. 917.70 on Friday. Its share value has gained 1.58 per cent in the last five trading sessions. Its market capitalization has increased 23,472.25 crores from 6,40,949.71 crores. after entering 5 trillion market capitalization firm, ITC continues to climb 21,003.35 crore from 5,28,377.17 crore in terms of mcap last week. Its share price gained tremendously by 5.03% in last five days and closed at 425.15 on the BSE on Friday.

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Despite posting weak Q4 results, Tata Consultancy Services managed to maintain its stock rally last week. Its stock price has gained around 2.25% in last five trading sessions. Its share price closed marginally higher 3216.00 per share on Friday on BSE. Its market capitalization increased 19,886.94 crores from 11,76,750.92 crore

The market capitalization of Bharti Airtel has seen a sharp jump of 4.86% in its share price in the last five days. 18,874.22 crore from 4,45,509.68 crore last week. Its shares closed up 1.62% 799 on BSE on Friday at Rs.

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Despite seeing a decline of 15.68% in its net profit, the tech giant, Infosys, managed to add Its mcap was Rs 10,447.1 crore last week, which took its market valuation 5,19,662.10 crores. Its stock closed with a gain of 0.48 percent. 1252.55 per share on BSE on Friday.

HDFC Bank registered a nominal gain in its market capitalisation. Its valuation increased to approx. 8,115.33 crores from 9,42,052.68 crores. On Friday, its share price closed at Rs 1688.05, up 0.42%. Similar to HDFC Bank, HDFC also posted a marginal profit 2,862.07 crore in its market cap, which took it to its absolute mcap 5,09,126.31 crore on 28 April. Its share price closed marginally higher 2775.20 each on Friday.

As of now, Reliance Industries, TCS, HDFC Bank, ICICI Bank, Hindustan Unilever Limited, ITC, Infosys, SBI, HDFC and Bharti Airtel stand as the top ten companies in terms of market capitalization.