Market cap

The market capitalization of nine of the top 10 companies exceeds Rs 2.98 Lakh Crore; Main winners of RIL and TCS

Nine of the 10 most valuable companies added Rs 2.98 lakh crore to their market valuation last week amid a bullish trend in stocks, with Reliance Industries and TCS emerging as winners.

Last week, BSE’s benchmark 30-stock index jumped 2,311.45 points or 4.29%.

Excluding Life Insurance Corporation (LIC), the top 10 companies including HDFC Bank, Infosys, Hindustan Unilever Limited and ICICI Bank added a total of Rs 2,98,523.01 crore to their market valuation.

The market capitalization (mcap) of Reliance Industries jumped from Rs 68,564.65 crore to Rs 16,93,245.73 crore at the close on Friday.

The valuation of Tata Consultancy Services (TCS) soared from Rs 64,929.87 crore to Rs 11,60,285.19 crore. ICICI Bank added Rs 34,028.7 crore to its valuation at Rs 5,56,526.81 crore.

Infosys’ mcap climbed from Rs 31,893.77 crore to Rs 6,33,793.91 crore and that of State Bank of India from Rs 30,968.4 crore to Rs 4,58,457.30 crore.

The valuation of Bajaj Finance increased from Rs 20,636.69 crore to Rs 3,78,774.69 crore and that of Hindustan Unilever from Rs 16,811.32 crore to Rs 6,20,362.58 crore.

The valuation of HDFC Bank increased from Rs 16,110.37 crore to Rs 7,73,770.09 crore and that of HDFC soared from Rs 14,579.24 crore to Rs 4,16,701.23 crore.

From the latecomer, the valuation of LIC decreased from Rs 12,396.99 crore to Rs 4,35,760.72 crore.

In the top 10 ranking, Reliance Industries emerged as the most valued company, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, State Bank of India, LIC, HDFC and Bajaj Finance.