Stocks

Market valuation of nine of top-10 firms tanks Rs 1.33 lakh crore

PTI New Delhi | Updated on April 25, 2021

File photo   -  REUTERS

HUL was the biggest loser

Nine of the 10 most valued companies witnessed a combined erosion of Rs 1,33,433.64 crore from market valuation in-tandem with a weak broader market trend last week.

Hindustan Unilever Ltd (HUL) was the biggest loser with its market cap plunging by Rs 34,914.58 crore to reach Rs 5,42,292 crore at close on Friday. Tata Consultancy Services (TCS) lost 30,887.07 crore in valuation to Rs 11,50,331 crore.

During the last week which was holiday-truncated, the 30-share BSE Sensex declined by 953.58 points or 1.95 per cent.

Among other losers, the valuation of Reliance Industries (RIL) diminished by Rs 18,764.75 crore to Rs 12,07,283.32 crore and that of HDFC tumbled Rs 13,755.09 crore to Rs 4,50,499.54 crore.

Bharti Airtel's valuation declined by Rs 10,270.09 crore to Rs 2,86,601.44 crore.

The market capitalisation of Infosys dropped by Rs 7,967.43 crore to take its valuation to Rs 5,68,308.25 crore and that of HDFC Bank dipped by Rs 7,800.58 crore to Rs 7,79,671.98 crore.

Kotak Mahindra Bank's valuation declined by Rs 5,995.06 crore to Rs 3,43,907.94 crore and that of State Bank of India (SBI) dipped by Rs 3,078.99 crore to Rs 3,00,268.56 crore.

In contrast, ICICI Bank added Rs 2,412.18 crore to take its valuation to Rs 3,94,315.01 crore.

In the ranking of top-10 companies, Reliance Industries Limited was leading the chart followed by TCS, HDFC Bank, Infosys, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI, and Bharti Airtel.

Published on April 25, 2021

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