Airtel, TCS, HDFC Bank, LIC-10 Rs 9 out of 9 of the top 10 companies increased by Rs 2.34 crore in market cap this week
Market value: Nine of the ten most valuable companies listed on BSE combined the market caps of 9 of the stocks this week saw a combined total growth of Rs 2.34 crore in stocks as strong momentum in the stock market boosted their valuations. Bharti Airtel is one of the biggest profiters. Its market capitalization grew by Rs 518,6065 crore to Rs 1,156 crore.
Eight companies witnessing their valuation increase include HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, LIC, Bajaj Finance and Hindustan Unilever.
It should be noted that Infosys is the only company in the top 10 that has witnessed a decline in value.
Meanwhile, six of the ten most valuable companies in India have increased by a combined market value of Rs 162 crore, driven by investors’ strong confidence in the stock market.
Last week, the BSE benchmark index earned 1,650.73 points, or 2%.
HDFC Bank’s market valuation grew by Rs 37,342.73 crore to Rs 1,544 crore. Bajaj Finance’s valuation rose by Rs 26,037.88 crore to its total value reach Rs 588 crore.
The value of ICICI Bank rose by Rs 24,64973 crore to Rs 1,043 crore. LIC also received Rs 132,5087 crore in profits, with its valuation climbing to Rs 605 crore.
The State Bank of India (SBI) increased its price of Rs 83,8915 crore to Rs 711.8 crore. TCS grew by Rs 31,839.1 crore, raising its valuation to Rs 1,245 crore.
Hindustan Unilever has seen a small increase of Rs 2.97 crore and is currently at Rs 5.41 crore.
Infosys’ market cap dropped by Rs 54,948 crore, bringing it to Rs 6,688 crore.
The top 9 companies based on market capitalization are HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance and Hindustan Unilever.
(with IANS input)
