Seven of the top 10 most valued firms add Rs 1.37 trn in market valuation

Seven of the top-10 most valued Indian firms together added Rs 1,37,396.66 crore in last week, with (TCS) emerging as the biggest gainer.

Besides TCS, other winners on the top-10 chart were HDFC Bank, Limited (HUL), Infosys, HDFC, ICICI Bank and Bharti Airtel.

In contrast, Limited (RIL), Kotak Mahindra Bank and Bajaj Finance registered decline in their market capitalisation (m-cap).

The valuation of rose by Rs 72,102.07 crore to Rs 11,70,875.36 crore, while industry peer Infosys added Rs 21,894.28 crore to reach Rs 5,58,772.73 crore m-cap.

HDFC gained Rs 15,076.62 crore to take its valuation to Rs 4,77,663.03 crore, Bharti Airtel jumped by Rs 13,720.73 crore to Rs 2,94,736.49 crore, ICICI Bank added Rs 10,054.48 crore to Rs 3,74,253.88 crore, HDFC Bank’s m-cap moved up by Rs 3,855.36 crore to Rs 7,88,613.86 crore and HUL’s valuation grew by Rs 693.12 crore to Rs 5,61,626.18 crore.

On the other hand, the valuation of RIL declined by Rs 34,296.37 crore to Rs 12,25,445.59 crore and that of Bajaj Finance dipped by Rs 12,024.63 crore to Rs 3,06,156.55 crore.

Kotak Mahindra Bank’s valuation went lower by Rs 4,661.65 crore to Rs 3,90,253.33 crore.

During the last week, the BSE benchmark index gained 913.53 points or 1.90 per cent.

In the ranking of top-10 firms, RIL was leading the chart followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor