scorecardresearchMcaps of four of top 10 valued firms fall by ₹56,006 crore; HDFC twins

Mcaps of four of top 10 valued firms fall by 56,006 crore; HDFC twins take biggest hit

Updated: 07 May 2023, 11:37 AM IST
TL;DR.

  • The valuation of HDFC Bank tumbled 34,547.61 crore to 9,07,505.07 crore, the most among the top 10 firms.

Shares of HDFC twins fell sharply on Friday amid reports that the merged HDFC entity could see significant fund outflow.

Shares of HDFC twins fell sharply on Friday amid reports that the merged HDFC entity could see significant fund outflow.

(PTI) Four of the top 10 valued firms together lost 56,006.15 crore in market valuation last week, with HDFC twins taking the biggest hit.

Last week, the 30-share BSE benchmark fell by 58.15 points or 0.09 per cent.

While HDFC Bank, State Bank of India, HDFC and Bharti Airtel faced erosion in their valuation, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Limited, ITC and Infosys were the gainers, with a combined addition of 44,540.05 crore in their market capitalisation (mcap).

Shares of HDFC twins fell sharply on Friday amid reports that the merged HDFC entity could see significant fund outflow.

The valuation of HDFC Bank tumbled 34,547.61 crore to 9,07,505.07 crore, the most among the top 10 firms.

HDFC's mcap eroded by 13,584.9 crore to 4,95,541.41 crore and that of Bharti Airtel fell by 6,356.46 crore to 4,39,153.22 crore.

The market capitalisation of State Bank of India declined by 1,517.18 crore to 5,14,370.01 crore.

However, Reliance Industries added 14,279.06 crore, taking its valuation to 16,51,687.33 crore.

The mcap of Hindustan Unilever jumped 10,949.09 crore to 5,87,632.77 crore and that of ICICI Bank climbed 6,583.1 crore to 6,47,532.81 crore.

The market valuation of TCS rallied 5,433.69 crore to 11,82,184.61 crore and that of ITC advanced 4,598.37 crore to 5,32,975.54 crore.

The mcap of Infosys went up by 2,696.74 crore to 5,22,358.84 crore.

In the ranking of top 10 firms, Reliance Industries retained the tag 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: 07 May 2023, 11:37 AM IST