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India’s top-10 most valued firms add Rs 1 lakh crore in market value; check out major gainers

Word Count: 572 | Estimated Reading Time: 3 minutes

NEW DELHI: Despite a muted trend in the equity market, four of the top 10 most valued Indian companies added a combined Rs 1,01,369.5 crore to their market valuation last week, with Life Insurance Corporation of India (LIC) emerging as the top gainer. The BSE benchmark, however, slipped by 270.07 points or 0.33% during the same period. HDFC Bank, Bharti Airtel, State Bank of India and LIC witnessed gains in market valuation,LIC’s market valuation increased significantly by Rs 59,233.61 crore to Rs 6,03,120.16 crore, marking the highest gain among the top-10 companies.State Bank of India’s valuation grew by Rs 19,589.54 crore to Rs 7,25,036.13 crore.Bharti Airtel’s market capitalisation (mcap) increased by Rs 14,084.2 crore to Rs 10,58,766.92 crore, while HDFC Bank’s value rose by Rs 8,462.15 crore to Rs 14,89,185.62 crore.In contrast, six other firms – Reliance Industries Ltd, Tata Consultancy Services (TCS), ICICI Bank, Infosys, Bajaj Finance and Hindustan Unilever Ltd – experienced a collective decrease of Rs 34,852.35 crore.TCS, however, saw its mcap reduced by Rs 17,909.53 crore to Rs 12,53,486.42 crore.Bajaj Finance’s mcap reduced by Rs 4,061.05 crore to Rs 5,70,146.49 crore, and ICICI Bank’s value fell by Rs 2,605.81 crore to Rs 10,31,262.20 crore.Hindustan Unilever Ltd’s valuation decreased by Rs 1,973.66 crore to Rs 5,52,001.22 crore, while Infosys experienced a reduction of Rs 656.45 crore to Rs 6,49,220.46 crore.Reliance Industries’ valuation decreased by Rs 7,645.85 crore to Rs 19,22,693.71 crore.Reliance Industries however held its position as the most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance, and Hindustan Unilever.

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