Last week, eight out of the top 10 valued firms in India added a total of ₹1,26,579.48 crore in market valuation, with Reliance Industries and Hindustan Unilever Ltd being the biggest gainers. The BSE benchmark also increased by 973.61 points or 1.59%. However, ITC and Infosys saw erosion in their valuation.
Reliance Industries’ market valuation surged by ₹28,956.79 crores to reach ₹16,80,644.12 crore, while Hindustan Unilever’s valuation rallied by ₹28,759 crores to reach ₹6,16,391.77 crore. The market capitalization of HDFC Bank climbed by ₹23,590.05 crore to ₹9,31,095.12 crore, and that of TCS increased by ₹15,697.33 crore to ₹11,97,881.94 crore. The market capitalization of HDFC also surged by ₹13,893.03 crores to reach ₹5,09,434.44 crore, while that of ICICI Bank soared by ₹11,946.89 crores to reach ₹6,59,479.70 crore. Bharti Airtel’s valuation moved up by ₹2,174.58 crore to reach ₹4,41,327.80 crore, and that of State Bank of India gained ₹1,561.81 crore to reach ₹5,15,931.82 crore.
In contrast, ITC’s market capitalization tumbled by ₹10,439.53 crore to reach ₹5,22,536.01 crore, while Infosys’ valuation dived by ₹5,600.92 crore to reach ₹5,16,757.92 crore.
Reliance Industries retained its position as the number one firm in the ranking of top 10 companies, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, ITC, Infosys, State Bank of India, HDFC, and Bharti Airtel.
The Indian stock market witnessed a surge due to various factors, including positive global cues, a strong quarterly performance by several companies, and a decline in COVID-19 cases in India. Market experts suggest that this trend is likely to continue in the coming weeks as well.
The market valuation of the top companies in India witnessed significant growth last week, with Reliance Industries and Hindustan Unilever Ltd being the biggest gainers. However, ITC and Infosys saw erosion in their valuation. The Indian stock market saw a surge, and market experts believe that this trend is likely to continue in the coming weeks.
