Mumbai: The combined market capitalisation (mcap) of six out of the top-10 most valued Indian companies surged by Rs 1,62,288.06 crore last week, riding on a bullish wave in the equity markets. Bharti Airtel and Reliance Industries emerged as the top gainers, mirroring the upward momentum of benchmark indices.
The BSE Sensex added 1,289.57 points, or 1.58 percent, over the week, reflecting strong investor interest in large-cap stocks.
Airtel, Reliance Shine Bright
Bharti Airtel was the biggest gainer in absolute terms, with its market valuation soaring by Rs 54,055.96 crore to reach Rs 11,04,469.29 crore. The stock witnessed strong buying amid optimism over telecom growth and expansion into 5G services.
Reliance Industries followed closely, adding Rs 50,070.14 crore to its mcap, which stood at Rs 19,82,033.60 crore by week’s end. The conglomerate retained its position as the most-valued Indian company, driven by gains across its telecom, retail, and energy segments.
Financial Giants See Gains
HDFC Bank witnessed a sharp jump in valuation by Rs 38,503.91 crore to Rs 15,07,281.79 crore, likely buoyed by steady credit growth and improving asset quality outlook. ICICI Bank added Rs 8,012.13 crore, taking its mcap to Rs 10,18,387.76 crore, while State Bank of India saw a modest rise of Rs 3,212.86 crore to Rs 7,10,399.75 crore.
Infosys, the only IT company in the gainers’ list, increased its mcap by Rs 8,433.06 crore to Rs 6,73,751.09 crore.
Losses for TCS, LIC, HUL and Bajaj Finance
Among the laggards, Bajaj Finance’s mcap declined by Rs 17,876.42 crore to Rs 5,62,175.67 crore, the steepest fall in this group. Tata Consultancy Services (TCS) lost Rs 4,613.06 crore to settle at Rs 12,42,577.89 crore, while Hindustan Unilever dipped Rs 3,336.42 crore to Rs 5,41,557.29 crore.
Life Insurance Corporation of India (LIC) also saw its valuation slip by Rs 1,106.88 crore to Rs 5,92,272.78 crore.
Top-10 Ranking Unchanged
Despite the weekly shifts, Reliance Industries remained at the top, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance, and HUL.
