scorecardresearchThree of top-10 firms lose ₹1.22 lakh crore in market cap; RIL, TCS and

Three of top-10 firms lose 1.22 lakh crore in market cap; RIL, TCS and Infosys drag

Updated: 04 Sep 2022, 03:12 PM IST
TL;DR.

IT majors Tata Consultancy Services (TCS) and Infosys were the other two bluechips which faced erosion from their valuation.

Mumbai: Reliance Industries (RIL) Chairman Mukesh Ambani addresses the company's 45th Annual General Meeting (AGM), Monday, Aug 29, 2022. (PTI Photo) (PTI08_29_2022_000240B)

Mumbai: Reliance Industries (RIL) Chairman Mukesh Ambani addresses the company's 45th Annual General Meeting (AGM), Monday, Aug 29, 2022. (PTI Photo) (PTI08_29_2022_000240B)

(PTI) The combined market valuation of three of the 10 most valued domestic firms fell by 1,22,852.25 crore last week, with Reliance Industries emerging as the biggest laggard.

IT majors Tata Consultancy Services (TCS) and Infosys were the other two bluechips which faced erosion from their valuation.

In contrast, HDFC Bank, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bajaj Finance and Adani Transmission were the gainers. Their combined gain was 62,221.63 crore.

During the holiday-shortened week, the BSE benchmark Sensex dipped 30.54 points or 0.05 per cent.

The market valuation of Reliance Industries fell by 60,176.75 crore to reach 17,11,468.58 crore.

The market capitalisation (mcap) of TCS declined by 33,663.28 crore to 11,45,155.01 crore and that of Infosys dipped by 29,012.22 crore to 6,11,339.35 crore.

From the gainers pack, HDFC Bank added 12,653.69 crore, taking its valuation to 8,26,605.74 crore.

The valuation of Adani Transmission, the latest entrant in the coveted list of the top-10 most valued firms, jumped 12,494.32 crore to 4,30,842.32 crore.

Adani Transmission entered the top-10 list on Tuesday (August 30).

The mcap of State Bank of India (SBI) climbed 11,289.64 crore to 4,78,760.80 crore and that of HDFC advanced 9,408.48 crore to stand at 4,44,052.84 crore.

The valuation of Bajaj Finance went higher by 7,740.41 crore to 4,35,346 crore and that of Hindustan Unilever climbed 7,612.68 crore to 6,11,692.59 crore.

ICICI Bank added 1,022.41 crore, taking its valuation to 6,07,352.52 crore.

In the ranking of top-10 firms, Reliance Industries retained its numero uno position, followed by TCS, HDFC Bank, Hindustan Unilever, Infosys, ICICI Bank, SBI, HDFC, Bajaj Finance and Adani Transmission.

First Published: 04 Sep 2022, 03:12 PM IST