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Nine of the top-10 most valued Indian companies together added Rs 65,128.77 crore in market capitalisation (m-cap) last week, with RIL recording the maximum surge in its valuation. Tata Consultancy Services (TCS) was the only one to see erosion from its m-cap, while the rest nine companies, including HDFC Bank, ITC, Hindustan Unilever Ltd (HUL) and HDFC registered gains.
Over the last week, the m-cap of Reliance Industries Ltd (RIL) soared Rs 21,920.73 crore to Rs 6,26,261.50 crore.
ONGC’s valuation jumped Rs 8,983.26 crore to Rs 2,40,366.49 crore and that of HUL advanced by Rs 8,939.5 crore to Rs 3,26,042.97 crore. The m-cap of ITC soared Rs 7,810.75 crore to Rs 3,46,479.93 crore and that of Kotak Mahindra Bank surged Rs 6,460.57 crore to Rs 2,41,166.28 crore.
HDFC Bank’s market capitalisation advanced by Rs 5,921.1 crore to Rs 5,22,160.91 crore and Maruti Suzuki India added Rs 1,789.83 crore to Rs 2,63,966.62 crore. The m-cap of Infosys went up by Rs 1,769.14 crore to Rs 2,57,945.41 crore and that of HDFC rose by Rs 1,533.89 crore to Rs 3,22,065.11 crore.
On the other hand, TCS’ valuation slumped Rs 3,876.44 crore to Rs 6,62,458.36 crore.
In the ranking of top-10 firms, TCS stood at number one position followed by RIL, HDFC Bank, ITC, HUL, HDFC, Maruti, Infosys, Kotak Mahindra Bank and Oil and Natural Gas Corporation (ONGC). Over the last week, the Sensex gained 620.41 points, or 1.78 per cent, to settle at 35,535.79.
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