Stocks

Mcap of 6 of top 10 firms soars over Rs 1.11 lakh crore

PTI New Delhi | Updated on June 27, 2021

File photo   -  REUTERS

TCS, Infosys lead gainers

Six of the 10 most valued companies added Rs 1,11,220.5 crore to their total market valuation last week, with Tata Consultancy Services (TCS) and Infosys leading the gainers' chart.

While TCS, HDFC Bank, Infosys, HDFC, ICICI Bank and State Bank of India saw gains in their market valuation, Reliance Industries (RIL), Hindustan Unilever Limited (HUL), Bajaj Finance and Kotak Mahindra Bank witnessed a decline in their market capitalisation (mcap).

The mcap of TCS zoomed Rs 30,961.06 crore to Rs 12,50,538.30 crore, the most among the top-10 firms. Infosys added Rs 29,807.59 crore to its valuation which stood at Rs 6,70,915.93 crore last week.

The market valuation of HDFC Bank jumped Rs 19,838.88 crore to Rs 8,36,426.69 crore and that of State Bank of India by Rs 14,234.76 crore to Rs 3,82,642.72 crore. ICICI Bank's valuation rose by Rs 12,775.99 crore to Rs 4,49,166.77 crore and that of HDFC by Rs 3,602.22 crore to Rs 4,52,778.40 crore.

In contrast, RIL market capitalisation declined by Rs 76,548.77 crore to Rs 13,34,009.02 crore. HUL's mcap diminished by Rs 7,424.7 crore to Rs 5,75,449.55 crore and that of Kotak Mahindra Bank by Rs 5,084.82 crore to Rs 3,43,934.41 crore.

Bajaj Finance's mcap declined by Rs 763.55 crore to Rs 3,66,662.44 crore.

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

During the last week, the 30-share BSE benchmark gained 580.59 points or 1.10 per cent.

Published on June 27, 2021

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