scorecardresearchMcap of 7 of top-10 most valued firms jumps ₹1.51 lakh crore; Reliance,

Mcap of 7 of top-10 most valued firms jumps 1.51 lakh crore; Reliance, TCS biggest gainers

Updated: 28 May 2023, 11:23 AM IST
TL;DR.

  • While Reliance Industries, Tata Consultancy Services (TCS), Hindustan Unilever, ITC, Infosys, State Bank of India and Bharti Airtel made gains in their market valuation, HDFC Bank, ICICI Bank and HDFC faced erosion.

Reliance Industries added  <span class='webrupee'>₹</span>43,131.02 crore to take its valuation to  <span class='webrupee'>₹</span>16,95,833.65 crore.

Reliance Industries added 43,131.02 crore to take its valuation to 16,95,833.65 crore.

(PTI) The combined market valuation of seven of the top-ten most valued firms jumped 1,51,140.39 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers.

While Reliance Industries, Tata Consultancy Services (TCS), Hindustan Unilever, ITC, Infosys, State Bank of India and Bharti Airtel made gains in their market valuation, HDFC Bank, ICICI Bank and HDFC faced erosion.

Last week, the BSE benchmark jumped 772.01 points or 1.25 per cent.

Reliance Industries added 43,131.02 crore to take its valuation to 16,95,833.65 crore.

The market capitalisation (mcap) of TCS jumped 39,243.32 crore to 12,18,098.20 crore.

ITC's mcap rallied 29,578.69 crore to 5,51,431.15 crore and that of Infosys climbed 20,171.09 crore to 5,46,662.99 crore.

The valuation of State Bank of India zoomed 9,638.58 crore to 5,22,848.39 crore and that of Bharti Airtel advanced 6,981.11 crore to 4,56,031.45 crore.

Hindustan Unilever added 2,396.58 crore to 6,23,017.62 crore in its mcap.

However, HDFC Bank's valuation tumbled 17,825.74 crore to 9,02,742.36 crore.

The mcap of HDFC tanked 11,382.46 crore to 4,88,466.16 crore and that of ICICI Bank declined by 2,642.52 crore to 6,64,553.58 crore.

In the ranking of top-10 firms, Reliance Industries retained the title of the most valued company followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, ITC, Infosys, State Bank of India, HDFC and Bharti Airtel.

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First Published: 28 May 2023, 11:23 AM IST