scorecardresearchMcap of seven of top 10 firms falls by ₹74,603 crore; HDFC Bank biggest

Mcap of seven of top 10 firms falls by 74,603 crore; HDFC Bank biggest laggard

Updated: 14 Aug 2023, 08:40 AM IST
TL;DR.

  • ICICI Bank, Hindustan Unilever, Infosys and ITC saw erosion in their market valuation while Reliance Industries, Tata Consultancy Services (TCS) and State Bank of India added to their market valuation.

The valuation of HDFC Bank declined by  <span class='webrupee'>₹</span>25,011 crore to  <span class='webrupee'>₹</span>12,22,392.26 crore.

The valuation of HDFC Bank declined by 25,011 crore to 12,22,392.26 crore.

(PTI) The combined market valuation of seven of the top 10 valued firms declined by 74,603.06 crore last week, with HDFC Bank emerging as the biggest laggard.

The BSE benchmark declined 398.6 points or 0.60 per cent last week.

ICICI Bank, Hindustan Unilever, Infosys and ITC saw erosion in their market valuation while Reliance Industries, Tata Consultancy Services (TCS) and State Bank of India added to their market valuation.

The valuation of HDFC Bank declined by 25,011 crore to 12,22,392.26 crore.

ICICI Bank's market valuation eroded by 12,781 crore to 6,66,512.90 crore and that of Bharti Airtel fell by 11,096.48 crore to 4,86,812.08 crore.

The valuation of Hindustan Unilever tanked 10,396.94 crore to 5,87,902.98 crore and that of ITC skidded by 7,726.3 crore to 5,59,159.71 crore.

The market capitalisation (mcap) of Bajaj Finance declined by 4,935.21 crore to 4,27,996.97 crore and that of Infosys dipped 2,656.13 crore to 5,69,406.39 crore.

However, Reliance Industries added 25,607.85 crore taking its valuation to 17,23,878.59 crore.

The market valuation of TCS jumped 2,579.64 crore to 12,62,134.89 crore and that of State Bank of India climbed 847.84 crore to 5,12,451.22 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, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.

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First Published: 14 Aug 2023, 08:40 AM IST