Market valuation of seven most valuable companies soared last week led by HDFC Bank
New Delhi:
The combined market valuation of seven of the top 10 most valued companies rose by Rs 1,16,048.1 crore last week, with HDFC Bank emerging as the biggest winner.
While Infosys, Hindustan Unilever Limited (HUL), ICICI Bank, HDFC, State Bank of India (SBI) and Kotak Mahindra Bank were the other winners from the top-10 list, Reliance Industries, Tata Consultancy Service (TCS) and Life Insurance Corporation (LIC) emerged as the stragglers.
The market valuation of HDFC Bank rose by Rs 39,358.5 crore and reached Rs 7,72,514.65 crore.
The valuation of Kotak Mahindra Bank rose Rs 23,230.8 crore to Rs 3,86,264.80 crore and that of HDFC zoomed Rs 23,141.7 crore to Rs 4,22,654.38 crore.
The market capitalization (m-cap) of ICICI Bank rose by Rs 21,047.06 crore to Rs 5,14,298.92 crore and that of SBI climbed Rs 5,801 crore to Rs 4,18564.28 crore.
Infosys added Rs 2,341.24 crore bringing the valuation to Rs 6,14,644.50 crore.
The valuation of HUL rose Rs 1,127.8 crore to Rs 5,47,525.25 crore.
In contrast, Reliance Industries market valuation fell by Rs 31,761.77 crore to Rs 17,42,128.01 crore.
The m-cap of TCS tanked Rs 11,599.19 crore to Rs 11,93,655.74 crore and that of LIC fell by Rs 2,972.75 crore to Rs 5,19,630.19 crore.
Last week, the Sensex climbed 558.27 points or 1.02 percent.
In the ranking of top 10 companies, Reliance Industries remained the most valued domestic company, followed by TCS, HDFC Bank, Infosys, HUL, LIC, ICICI Bank, HDFC, SBI and Kotak Mahindra Bank.
