Stocks

Six of top-10 firms add ₹65,060 crore in m-cap

PTI New Delhi | Updated on December 15, 2019 Published on December 15, 2019

In the broader market, the BSE 30-share Sensex advanced 564.56 points or 1.39 per cent last week.   -  R Dinakaran

RIL, HDFC emerge biggest gainers

Six of the 10 most valued Indian companies together added ₹65,060.30 crore in market valuation last week, with RIL and HDFC emerging as the biggest gainers.

HDFC Bank, ICICI Bank, Kotak Mahindra Bank and SBI were the other winners in the top-10 list, while TCS, Hindustan Unilever Limited (HUL), Infosys and ITC suffered losses in their market capitalisation (m-cap) for the week ended Friday.

The market cap of Reliance Industries Limited (RIL), the country’s most valued firm, jumped ₹17,439.74 crore to ₹10,03,147.26 crore.

HDFC’s valuation zoomed ₹15,435.51 crore to ₹ 4,06,705.23 crore and that of SBI climbed ₹ 11,512.75 crore to reach ₹ 2,96,921.83 crore.

The m-cap of HDFC Bank zoomed ₹9,089.48 crore to ₹6,91,457.21 crore and that of ICICI Bank advanced ₹ 8,210.91 crore to ₹ 3,47,551.97 crore.

Kotak Mahindra Bank’s valuation rose by ₹ 3,371.91 crore to ₹3,23,236.17 crore.

In contrast, the valuation of Tata Consultancy Services (TCS) dropped ₹19,231 crore to ₹7,77,381.54 crore.

The m-cap of HUL plunged ₹ 4,372.92 crore to ₹4,34,109.76 crore and that of ITC fell ₹2,027.73 crore to ₹2,96,971.03 crore.

Infosys also witnessed a decline of ₹1,660.8 crore in its m-cap to stand at ₹3,02,882.73 crore.

In the list of top-10 firms, RIL retained its number one spot, followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, Infosys, ITC and SBI.

In the broader market, the BSE 30-share Sensex advanced 564.56 points or 1.39 per cent last week.

Published on December 15, 2019
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