Eight of the top 10 domestic companies combined added Rs 1,81,209.89 crore to market valuation last week, with Hindustan Unilever emerging as the biggest winner. Last week, the BSE benchmark Sensex rose by 1,573.91 points or 2.97 percent.
Of the top 10, Reliance Industries and Tata Consultancy Services (TCS) were the only laggards. Among the winners, Hindustan Unilever Ltd (HUL) added Rs 50,058.05 crore bringing the valuation to Rs 5,86,422.74 crore.
The valuation of ICICI Bank increased by Rs 35,956.8 crore to Rs 5,25,656.96 crore. The market value of HDFC Bank rose Rs 23,940.12 crore to Rs 7,75,832.15 crore and that of Life Insurance Corporation of India (LIC) rose Rs 19,797.24 crore to Rs 4,47,841.46 crore.
The market capitalization (m-cap) of State Bank of India (SBI) increased by Rs 19,232.55 crore to Rs 4,35,922.66 crore and that of Infosys increased by Rs 15,126.4 crore to Rs 6,37,033.78 crore. Bharti Airtel’s valuation rose Rs 12,000.08 crore to Rs 3,81,833.20 crore and HDFC’s climbed Rs 5,098.65 crore to Rs 4,06,213.61 crore.
In contrast, TCS’s m-cap fell by Rs 18,770.93 crore to Rs 11,94,625.39 crore. The country’s largest software exporter, TCS, reported a 5.2 percent increase in June net profit to Rs 9,478 crore on Friday. The results were declared after market hours.
The valuation of Reliance Industries fell by Rs 11,805.14 crore to Rs 16,17,879.36 crore. In the top 10 company rankings, Reliance Industries remained the most valued company, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC and Bharti Airtel.
Network18 and TV18 – the companies that operate news18.com – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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