scorecardresearchMcap of seven of top 10 firms declines by ₹80,200 crore; TCS, HDFC Bank

Mcap of seven of top 10 firms declines by 80,200 crore; TCS, HDFC Bank biggest laggards

Updated: 20 Aug 2023, 12:18 PM IST
TL;DR.

  • From the top 10 pack, Reliance Industries, Hindustan Unilever and Infosys were the gainers while Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, State Bank of India, Bharti Airtel and Bajaj Finance saw a decline in their valuation.

The market valuation of Tata Consultancy Services (TCS) tanked  <span class='webrupee'>₹</span>29,894.45 crore to  <span class='webrupee'>₹</span>12,32,240.44 crore.

The market valuation of Tata Consultancy Services (TCS) tanked 29,894.45 crore to 12,32,240.44 crore.

(PTI) The combined market valuation of seven of the top 10 valued firms declined by 80,200.24 crore last week amid a weak trend in equities, with Tata Consultancy Services and HDFC Bank emerging as the biggest laggards.

In a holiday-shortened last week, the BSE benchmark fell by 373.99 points or 0.57 per cent.

From the top 10 pack, Reliance Industries, Hindustan Unilever and Infosys were the gainers while Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, State Bank of India, Bharti Airtel and Bajaj Finance saw a decline in their valuation.

The market valuation of Tata Consultancy Services (TCS) tanked 29,894.45 crore to 12,32,240.44 crore.

HDFC Bank's valuation declined by 19,664.06 crore to 12,02,728.20 crore.

The market valuation of Bajaj Finance eroded by 12,233.5 crore to 4,15,763.47 crore and that of ITC tumbled 8,338.45 crore to 5,50,821.26 crore.

Bharti Airtel's market capitalisation (mcap) fell by 8,081.38 crore to 4,78,730.70 crore and that of State Bank of India dipped 1,026.33 crore to 5,11,424.89 crore.

The mcap of ICICI Bank diminished by 962.07 crore to 6,65,550.83 crore.

However, Hindustan Unilever added 12,347.1 crore taking its market valuation to 6,00,250.08 crore.

The mcap of Infosys jumped 6,972.87 crore to 5,76,379.26 crore and that of Reliance Industries climbed 5,886.09 crore to 17,29,764.68 crore.

In the ranking of top 10 companies, Reliance Industries remained the most valued firm followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.

 

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First Published: 20 Aug 2023, 12:18 PM IST