Latest News | Mcap of 6 of Top-10 Most Valued Firms Erodes by Rs 78,166 Cr; Reliance Biggest Laggard
Get latest articles and stories on Latest News at LatestLY. The combined market valuation of six of the top-10 most valued firms eroded by Rs 78,166.08 crore last week, with Reliance Industries taking the biggest hit, in line with weak trends in equities.
New Delhi, May 25 (PTI) The combined market valuation of six of the top-10 most valued firms eroded by Rs 78,166.08 crore last week, with Reliance Industries taking the biggest hit, in line with weak trends in equities.
Last week, the BSE benchmark dropped 609.51 points or 0.74 per cent and the Nifty declined 166.65 points or 0.66 per cent.
While Reliance Industries, TCS, ICICI Bank, State Bank of India, Infosys and Hindustan Unilever were the laggards, HDFC Bank, Bharti Airtel, Bajaj Finance and ITC were the gainers from the top-10 pack.
The market valuation of Reliance Industries declined by Rs 40,800.4 crore to Rs 19,30,339.56 crore.
Tata Consultancy Services' valuation dropped by Rs 17,710.54 crore to Rs 12,71,395.95 crore.
The valuation of Infosys went lower by Rs 10,488.58 crore to Rs 6,49,876.91 crore and that of Hindustan Unilever eroded by Rs 5,462.8 crore to Rs 5,53,974.88 crore.
The market capitalisation (mcap) of ICICI Bank edged down by Rs 2,454.31 crore to Rs 10,33,868.01 crore and that of State Bank of India dipped by Rs 1,249.45 crore to Rs 7,05,446.59 crore.
However, the mcap of Bharti Airtel jumped Rs 10,121.24 crore to Rs 10,44,682.72 crore.
The valuation of Bajaj Finance surged Rs 4,548.87 crore to Rs 5,74,207.54 crore and that of ITC climbed Rs 875.99 crore to Rs 5,45,991.05 crore.
The mcap of HDFC Bank went up by Rs 399.93 crore to Rs 14,80,723.47 crore.
Reliance Industries remained the most valuable firm followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and ITC.
(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)