Good news for Mukesh Ambani, Reliance Industries earns Rs 500700000000, Bad news for Ratan Tata’s TCS as it loses Rs 46130000000 due to…

The combined market capitalization of six out of the top ten most-valued companies surged by Rs 1,62,288.06 crore last week, with Bharti Airtel and Reliance Industries leading the gains. This rise aligns with the positive momentum observed in the equity markets.

During the week, the BSE benchmark index advanced by 1,289.57 points, reflecting a 1.58% increase.

Stock Market Gainers Last Week

 Reliance Industries added Rs 50,070.14 crore, taking its valuation to Rs 19,82,033.60 crore.  Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India and Infosys were the gainers, while TCS, LIC, Bajaj Finance, and Hindustan Unilever faced erosion from their market valuation last week.

The market valuation of Bharti Airtel surged Rs 54,055.96 crore to Rs 11,04,469.29 crore. The valuation of HDFC Bank jumped Rs 38,503.91 crore to Rs 15,07,281.79 crore while that of Infosys was up Rs 8,433.06 crore to Rs 6,73,751.09 crore.

The market capitalisation (mcap) of ICICI Bank climbed Rs 8,012.13 crore to Rs 10,18,387.76 crore and that of State Bank of India gained Rs 3,212.86 crore to Rs 7,10,399.75 crore. 

Stock Market Losers

However, the valuation of Bajaj Finance fell Rs 17,876.42 crore to Rs 5,62,175.67 crore. 

The mcap of Tata Consultancy Services (TCS) dropped Rs 4,613.06 crore to Rs 12,42,577.89 crore and that of Hindustan Unilever was down Rs 3,336.42 crore to Rs 5,41,557.29 crore.

In the ranking of the top-10 firms, Reliance Industries retained the title of the most-valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance, and Hindustan Unilever Ltd. 

 

(With Inputs From PTI)

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