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Out of the top-10 most valuable companies in the country, the total market value of 7 companies increased by Rs 1,50,679.28 crore last week. IT firms Tata Consultancy Services (TCS) and Infosys were the biggest beneficiaries of the optimistic market trend. Last week BSE’s sensitive index Sensex registered a gain of 890.05 points or 1.37 per cent.
Reliance Industries, TCS, HDFC Bank, Infosys, Hindustan Unilever, ITC and Bharti Airtel benefited from this rally. On the other hand, ICICI Bank, State Bank of India and Bajaj Finance, among the top-10 companies, declined in market value.
TCS benefits the most
Last week, TCS valuation increased by Rs 62,148.99 crore to Rs 12,81,637.63 crore. Thus, the highest increase was recorded in the assessment of TCS. During this period, the market capitalization of Infosys increased by Rs 28,616.98 crore to Rs 5,96,681.75 crore.
Reliance gains 28,111 crores
The market value of Reliance Industries, the leading company in the country, increased by Rs 28,111.41 crore to Rs 15,93,893.03 crore. While the market value of HDFC Bank has increased by Rs 11,136.61 crore to Rs 11,42,215.81 crore. Hindustan Unilever’s market value increased by Rs 10,032.75 crore to Rs 5,94,317.36 crore and Bharti Airtel’s market value increased by Rs 6,828.74 crore to Rs 5,32,585.63 crore. ITC also added Rs 3,803.8 crore during the period and its valuation stood at Rs 5,47,808.43 crore.
14,502 crore loss to SBI
The valuation of public sector State Bank of India fell by Rs 14,502.5 crore to Rs 5,02,589.52 crore. During this period, ICICI Bank’s market capitalization fell by Rs 11,308.97 crore to Rs 6,46,254.41 crore. Bajaj Finance’s market capitalization also fell by Rs 4,973.68 crore to Rs 4,46,169.40 crore. Along with this, Reliance Industries retained the title of the most valuable company in the country. It is followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, Bharti Airtel, State Bank of India and Bajaj Finance.
We update regularly World Latest Breaking Business News here. We update 2023-11-20 15:12:46 this news story from official website – https://www.lokmat.com/business/stock-market/62148-crore-gain-to-tata-tcs-company-huge-loss-to-sbi-look-at-the-status-of-reliance-share-market-cap-a-a720/.”
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