Comments
Eight out of the 10 most valued companies added Rs 66,625.6 crore to their market valuation last week, with TCS emerging as the star performer.
While Infosys and SBI suffered losses in their market capitalisation (m-cap) for the week ended Friday, TCS, Reliance Industries Ltd, HDFC Bank, HUL, ITC, HDFC, Maruti Suzuki India and Kotak Mahindra Bank made gains.
The market valuation of Tata Consultancy Services (TCS) soared by Rs 25,306.88 crore to Rs 7,32,521.29 crore. Maruti Suzuki’s valuation zoomed Rs 14,608.59 crore to Rs 2,81,079.45 crore and that of Hindustan Unilever Ltd (HUL) jumped Rs 8,030.79 crore to Rs 3,63,431.19 crore.
The m-cap of ITC advanced by Rs 7,627.68 crore to Rs 3,32,322.95 crore and that of Kotak Mahindra Bank soared Rs 5,510.83 crore to Rs 2,61,263.97 crore. RIL’s valuation climbed by Rs 2,249.42 crore to Rs 6,18,749.36 crore and that of HDFC rose by 1,728.92 crore to Rs 3,22,542.15 crore. The market cap of HDFC Bank went up by Rs 1,562.49 crore to Rs 5,50,531.99 crore.
On the other hand, Infosys suffered an erosion of Rs 4,859.69 crore at Rs 2,80,551.12 crore, while SBI lost Rs 1,651.04 crore to Rs 2,29,763.51 crore.
In the ranking of top-10 firms, TCS retained its numero-uno position, followed by RIL, HDFC Bank, HUL, ITC, HDFC, Maruti, Infosys, Kotak Mahindra Bank and SBI. Last week, the Sensex rose 234.38 points, or 0.66 per cent, to close at 35,657.86.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.