Good news for Mukesh Ambani, Reliance Industries earns Rs 695560000000, bad news for Narayana Murthy, Infosys loses Rs 54940000000 in…

Nine of the top 10 most valued companies collectively gained Rs 234565.53 crore in market capitalization last week, with Mukesh Ambani’s Reliance Industries leading the gain. This growth was seen after the upbeat momentum in the equity market. During the same period, the BSE benchmark index soared by 1,650.73 points, registering a 2% increase.

The market valuation of Reliance Industries jumped by Rs 69,556.91 crore to Rs 20,51,590.51 crore, the most among the top-10 firms.

Bharti Airtel, HDFC Bank, TCS Share Price

Bharti Airtel’s valuation surged by Rs 51,860.65 crore to Rs 11,56,329.94 crore and that of HDFC Bank rallied by Rs 37,342.73 crore to Rs 15,44,624.52 crore.

The market capitalisation (mcap) of Bajaj Finance zoomed Rs 26,037.88 crore to Rs 5,88,213.55 crore and that of ICICI Bank edged higher by Rs 24,649.73 crore to Rs 10,43,037.49 crore.

The valuation of Life Insurance Corporation of India (LIC) climbed Rs 13,250.87 crore to Rs 6,05,523.65 crore and that of State Bank of India went up by Rs 8,389.15 crore to Rs 7,18,788.90 crore.

The mcap of Tata Consultancy Services (TCS) gained Rs 3,183.91 crore to Rs 12,45,761.80 crore and that of Hindustan Unilever climbed Rs 293.7 crore to Rs 5,41,850.99 crore.

Infosys Share Price Decline

In contrast, the mcap of Infosys declined by Rs 5,494.8 crore to Rs 6,68,256.29 crore.

In the ranking of top-10 firms, Reliance Industries retained the number one place 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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