mcap of 9 top valued firms
The combined market valuation of nine of the top 10 most valued companies declined by Rs 2.74 trillion last week, coinciding with a bearish trend in equities, with HDFC Bank the biggest hit.
Last week, the BSE benchmark Sensex fell 2,091.68 points or 2.67 per cent and the NSE Nifty fell 566.85 points or 2.32 per cent.
“Markets witnessed a weak and volatile week as benchmark indices continued to slide as sharp rise in crude oil prices and renewed geopolitical tensions weighed on investor sentiment,” said Ajit Mishra SVP, Research, Religare Broking Ltd.
He said banking stocks emerged as the biggest losers after mixed Q1FY27 earnings, while the risk-on environment and rupee weakness further reduced buying interest.
Hindustan Unilever emerged as the sole winner from the top-10 pack.
Those that faced a decline in their valuations were Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), Bajaj Finance, Life Insurance Corporation of India (LIC) and Larsen & Toubro.
The market valuation of HDFC Bank fell by Rs 1,18,383.91 crore to Rs 11,43,985.90 crore. HDFC Bank shares fell 9.40 per cent last week amid concerns on margins.
Reliance Industries’ valuation declined by Rs 65,429.82 crore to Rs 17,29,661.44 crore.
The valuation of State Bank of India declined by Rs 26,814.94 crore to Rs 9,36,953.84 crore and that of Bajaj Finance declined by Rs 26,802.74 crore to Rs 6,30,471.54 crore.
The market capitalization (mcap) of LIC declined by Rs 15,116.74 crore to Rs 5,33,007.56 crore and that of ICICI Bank declined by Rs 6,223.84 crore to Rs 10,28,217.93 crore.
Bharti Airtel’s valuation declined by Rs 6,021.64 crore to Rs 11,85,046.13 crore and that of TCS declined by Rs 5,191.95 crore to Rs 8,15,480.75 crore.
Larsen & Toubro’s mcap declined by Rs 4,092.79 crore to Rs 5,20,747.89 crore.
However, Hindustan Unilever’s mcap rose by Rs 152.73 crore to Rs 5,03,928.59 crore.
Reliance Industries was the most valued company, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro and Hindustan Unilever.
