mcap score of 4 most valuable companies
The combined market valuation of four of the top 10 most valued companies surged by Rs 2.20 lakh crore in the holiday period last week, with Reliance Industries the biggest gainer.
Last week, BSE benchmark Sensex rose 249.29 points or 0.32 per cent.
“Markets ended the week with modest gains, reflecting a volatile and limited trading environment amid mixed global and domestic cues,” said Ajit Mishra SVP, Research, Religare Broking Ltd.
The week started on a positive note, he said, supported by easing geopolitical tensions and steady progress in fourth-quarter earnings, which improved initial sentiment.
However, gains were gradually limited due to rising crude oil prices, weak cues from Asian markets and persistent foreign institutional investor (FII) outflows, Mishra said.
While Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS) and Bajaj Finance were gainers, HDFC Bank, State Bank of India, ICICI Bank, Larsen & Toubro, Hindustan Unilever and Life Insurance Corporation of India (LIC) faced a combined erosion of Rs 1.24 lakh crore from their valuations.
Reliance Industries added Rs 1,39,655.8 crore, taking its market valuation to Rs 19,36,303.30 crore.
Bharti Airtel’s valuation increased by Rs 43,503.51 crore to Rs 11,49,222.13 crore.
The market valuation of TCS rose by Rs 27,569.83 crore to Rs 8,94,933.95 crore and that of Bajaj Finance rose by Rs 9,432.32 crore to Rs 5,83,123.13 crore.
However, the market capitalization (MCAP) of ICICI Bank declined by Rs 45,364.62 crore to Rs 9,04,980.78 crore.
State Bank of India’s valuation declined by Rs 30,922.57 crore to Rs 9,85,829.96 crore.
HDFC Bank’s mcap fell by Rs 20,951.31 crore to Rs 11,87,274.17 crore and Hindustan Unilever’s mcap fell by Rs 18,420.79 crore to Rs 5,28,799.01 crore.
LIC’s valuation declined by Rs 8,222.49 crore to Rs 5,04,798.07 crore and Larsen & Toubro’s valuation declined by Rs 178.83 crore to Rs 5,51,993.05 crore.
Reliance Industries was the most valued domestic company followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
