Latest News | M-cap of Eight of Top-10 Valued Firms Zoom Rs 1.94 Lakh Cr
Get latest articles and stories on Latest News at LatestLY. Eight of the top 10 valuable firms added over Rs 1.94 lakh crore to their market valuation last week, led by Reliance Industries Ltd.
New Delhi, Mar 7 (PTI) Eight of the top 10 valuable firms added over Rs 1.94 lakh crore to their market valuation last week, led by Reliance Industries Ltd.
On the contrary, HDFC Bank and State Bank of India (SBI) witnessed losses in their valuations.
RIL added Rs 60,034.51 crore to take its valuation to Rs 13,81,078.86 crore. The valuation of Tata Consultancy Services (TCS) rose by Rs 41,040.98 crore to Rs 11,12,304.75 crore and that of Kotak Mahindra Bank jumped Rs 28,011.19 crore to Rs 3,81,092.82 crore.
The market capitalisation of Hindustan Unilever Ltd (HUL) zoomed Rs 16,388.16 crore to Rs 5,17,325.3 crore. Infosys added Rs 27,114.19 crore to Rs 5,60,601.26 crore and the valuation of ICICI Bank rose by Rs 8,424.22 crore to Rs 4,21,503.09 crore.
The market valuation of HDFC went up by Rs 1,038 crore to reach Rs 4,58,556.73 crore and that of Bajaj Finance by Rs 12,419.32 crore to Rs 3,28,072.65 crore.
In contrast, the valuation of HDFC Bank declined Rs 2,590.08 crore to Rs 8,42,962.45 crore and that of SBI by Rs 5,711.75 crore to Rs 3,42,526.59 crore.
In the ranking of 10 most-valued companies, RIL was at the top of the chart, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI and Bajaj Finance in that order.
On weekly basis, the Sensex gained 1,305.33 points or 2.65 per cent.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)