Three of the top five valued companies added Rs 1,78,650.71 crore to their market valuation last week, led by Reliance Industries. Last week, benchmark BSE Sensex climbed 1,532.77 points or 2.90 percent.
While Reliance Industries, HDFC Bank and Hindustan Unilever were the winners of the top five, Tata Consultancy Services and Infosys emerged as the laggards. The market value of Reliance Industries rose by Rs 1,31,320.8 crore and reached Rs 17,73,889.78 crore.
Hindustan Unilever added Rs 30,814.89 bringing the valuation to Rs 5,46,397.45 crore. HDFC Bank’s market valuation rose by Rs 16,515.02 crore to Rs 7,33,156.15 crore. In contrast, the market capitalization (mcap) of Tata Consultancy Services dropped from Rs 43,743.96 crore to Rs 12,05,254.93 crore.
Infosys valuation declined by Rs 20,129.66 crore to Rs 6,12,303.26 crore. In the ranking of the top five valued companies, Reliance Industries led the list, followed by Tata Consultancy Services, HDFC Bank, Infosys and Hindustan Unilever.
Meanwhile, the country’s largest insurer, LIC, made a mediocre debut on the stock exchanges on Tuesday, trading more than 8 percent off. Life Insurance Corporation of India (LIC) also ranked among the top 10 most valued companies on its debut trading day on Tuesday.
LIC now ranks 6th in the list of top 10 valued companies by market capitalization. It has a market value of Rs 5,22,602.94 crore. ICICI Bank ranks 7th with a valuation of Rs 4,93,251.86 crore, followed by State Bank of India (Rs 4,12,763.28 crore), HDFC (Rs 3,99,512.68 crore) and Bharti Airtel (Rs 3,77,686.72 crore).
Network18 and TV18 – the companies that operate news18.com – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Read all the latest news, breaking news and IPL 2022 Live Updates here.