Stocks

Seven of top-10 cos add ₹1.76 lakh crore in m-cap

PTI New Delhi | Updated on May 31, 2020 Published on May 31, 2020

HDFC, ITC, RIL shines

Seven of the 10 most valued Indian companies added a whopping ₹1,76,014.51 crore to their market capitalisation last week, with HDFC Bank emerging as the biggest gainer.

RIL, HUL, HDFC, ITC, Kotak Mahindra Bank and ICICI Bank were the other winners in the top-10 list, while TCS, Bharti Airtel and Infosys finished with losses for the week ended Friday.

HDFC Bank’s valuation zoomed ₹61,612.11 crore to reach ₹5,21,660.14 crore.

The market capitalisation of ICICI Bank jumped ₹26,487.04 crore to ₹2,15,029.01 crore and that of HDFC rallied ₹24,733.64 crore to ₹2,87,407.32 crore.

Reliance Industries Limited added ₹21,300.4 crore to its market valuation to stand at ₹9,28,849.39 crore.

The valuation of Hindustan Unilever Ltd (HUL) climbed ₹16,093.85 crore to ₹4,83,262.07 crore and that of ITC rose by ₹13,644.38 crore to ₹2,42,710.11 crore.

Kotak Mahindra Bank added ₹12,143.09 crore to its valuation to reach ₹2,34,192.24 crore.

In contrast, Bharti Airtel’s valuation tanked ₹22,149.56 crore to ₹3,01,364.99 crore and that of TCS fell ₹17,786.3 crore to ₹7,39,801.41 crore.

Infosys’ market cap dipped by ₹375.34 crore to ₹2,94,453.42 crore.

In the ranking of top-10 firms, RIL was at the number one spot, followed by TCS, HDFC Bank, HUL, Bharti Airtel, Infosys, HDFC, ITC, Kotak Mahindra Bank and ICICI Bank.

During the last week, the Sensex rallied 1,751.51 points or 5.71 per cent.

Published on May 31, 2020
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