6 of top 10 most valued firms together add over Rs1 lakh crore in m-cap

| | New Delhi
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6 of top 10 most valued firms together add over Rs1 lakh crore in m-cap

Monday, 31 August 2020 | PTI | New Delhi

The market valuation of six of the top 10 most valued firms zoomed by Rs1,06,523.84 crore last week, with ICICI Bank and Kotak Mahindra Bank leading the pack.

During the last week, the BSE benchmark Sensex had gained 1,032.59 points or 2.68 per cent.

 Of these 10 most valued companies in terms of market capitalisation (m-cap), Reliance Industries Ltd (RIL), HDFC Bank, HDFC, Kotak Mahindra Bank, Bharti Airtel and ICICI Bank emerged as gainers.

 On the other hand, four firms Tata Consultancy Services (TCS), Hindustan Unilever Ltd (HUL), Infosys and ITC ended the week with losses.

 The market valuation of ICICI Bank jumped by Rs 26,620.32 crore to Rs2,82,550.05 crore, becoming the biggest gainer.

 Kotak Mahindra Bank’s m-cap rose by Rs25,360.91 crore to Rs2,90,458.09 crore, RIL’s valuation was up by Rs21,458.89 crore at Rs13,41,164.42 crore and HDFC Bank’s worth increased by Rs16,547.52 crore to Rs 6,13,598.67 crore.

Among other two gainers, HDFC saw its market valuation rise by Rs14,599.47 crore to Rs3,37,472.45 crore and Bharti Airtel added Rs1,936.73 crore to Rs2,85,625.71 crore.

In contrast, the market cap of HUL plunged by Rs 11,982.71 crore to Rs5,05,658.41 crore.

 Infosys witnessed an erosion of Rs5,963.14 crore to Rs3,98,188.66 crore from its valuation and TCS took a hit of Rs4,165.15 crore to see its market cap at Rs8,39,445.98 crore.

 The valuation of ITC also declined by Rs1,661.13 crore to Rs2,40,619 crore.

In the ranking of ten most valued firms at the close of the trading week on Friday, RIL held the numero uno position followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Kotak Mahindra Bank, Bharti Airtel, ICICI Bank and ITC.

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