Eight of top 10 firms add Rs1.81 lakh crore in m-cap

Eight of the 10 most valued domestic firms together added Rs1,81,209.89 crore in market valuation last week, with Hindustan Unilever emerging as the biggest gainer.

Last week, the BSE benchmark Sensex advanced 1,573.91 points or 2.97 per cent.

From the top-10 pack, Reliance Industries and Tata Consultancy Services (TCS) were the only laggards.

Among the winners, Hindustan Unilever Ltd (HUL) added Rs50,058.05 crore, taking its valuation to Rs5,86,422.74 crore.

ICICI Bank’s valuation jumped Rs35,956.8 crore to reach Rs5,25,656.96 crore.

The market valuation of HDFC Bank advanced Rs23,940.12 crore to Rs7,75,832.15 crore and that of Life Insurance Corporation of India (LIC) climbed Rs19,797.24 crore to Rs4,47,841.46 crore.

The market capitalisation (m-cap) of State Bank of India (SBI) went higher by Rs19,232.55 crore to Rs4,35,922.66 crore and that of Infosys jumped Rs15,126.4 crore to Rs6,37,033.78 crore.

Bharti Airtel’s valuation moved up by Rs12,000.08 crore to Rs3,81,833.20 crore and that of HDFC climbed Rs5,098.65 crore to Rs4,06,213.61 crore.

In contrast, the m-cap of TCS declined by Rs18,770.93 crore to Rs11,94,625.39 crore.

The country’s largest software exporter TCS on Friday reported a 5.2 per cent rise in June quarter net profit to Rs9,478 crore. The results were declared post market hours.

The valuation of Reliance Industries went lower by Rs11,805.14 crore to Rs16,17,879.36 crore.

In the ranking of top-10 firms, Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC and Bharti Airtel.

Published on: Sunday, July 10, 2022, 12:08 PM IST