The combined market valuation of five of the top 10 most valued Indian companies rose by Rs 84,559.01 crore during a holiday-shortened trading week, with Hindustan Unilever Limited (HUL) emerging as the biggest gainer.
This rise came even as the broader market posted a slight decline, with the BSE Sensex slipping by 207.43 points or 0.27 per cent, and the NSE Nifty falling 75.9 points or 0.33 per cent. The stock markets remained closed on Thursday on account of Shri Mahavir Jayanti, as per PTI report.
Hindustan Unilever led the gains with its market capitalisation jumping by Rs 28,700.26 crore to reach Rs 5,56,054.27 crore. Reliance Industries followed closely, adding Rs 19,757.27 crore, pushing its valuation to Rs 16,50,002.23 crore. ITC also recorded a significant increase of Rs 15,329.79 crore, taking its market cap to Rs 5,27,845.57 crore.
Bajaj Finance’s valuation surged by Rs 12,760.23 crore to Rs 5,53,348.28 crore, while Bharti Airtel added Rs 8,011.46 crore, taking its total market value to Rs 10,02,030.97 crore.
However, the remaining five companies in the top 10 list experienced a decline in their valuations. Tata Consultancy Services (TCS) saw the steepest drop, with its market capitalisation falling by Rs 24,295.46 crore to Rs 11,69,474.43 crore. Infosys followed, losing Rs 17,319.11 crore to settle at a valuation of Rs 5,85,859.34 crore.
State Bank of India’s mcap declined by Rs 12,271.36 crore to Rs 6,72,960.97 crore, while ICICI Bank saw a reduction of Rs 8,913.09 crore, bringing its valuation to Rs 9,34,351.86 crore. HDFC Bank’s market value also decreased by Rs 7,958.31 crore, with its total mcap standing at Rs 13,82,450.37 crore.
Despite the mixed movement in valuations, Reliance Industries retained its position as the most valued Indian company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, Bajaj Finance, and ITC.
