Good news for Mukesh Ambani, Reliance Industries earns Rs 153590000000, bad news for Ratan Tata’s TCS, it loses Rs 80320000000 due to…

Six of India’s ten most valuable companies collectively lost Rs 70,325.5 crore in market valuation last week, with HDFC Bank and ICICI Bank taking the biggest hit amid a broader decline in equities.

Among the top-10 firms by market capitalisation, Reliance Industries, State Bank of India, Infosys, and Hindustan Unilever Ltd saw gains. In contrast, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, Life Insurance Corporation of India (LIC), and Bajaj Finance recorded losses in their market value.

Reliance Industries, TCS, Infosys MCAP On Stock Market

TCS faced an erosion of Rs 8,032.15 crore from its market capitalisation (mcap) which stood at Rs 12,37,729.65 crore.

The mcap of Bharti Airtel fell by Rs 5,958.7 crore to Rs 11,50,371.24 crore. However, the market valuation of Reliance Industries jumped Rs 15,359.36 crore to Rs 20,66,949.87 crore. Infosys added Rs 13,127.51 crore in its valuation to Rs 6,81,383.80 crore.

 HDFC Bank, ICICI Bank Market Cap

HDFC Bank’s valuation declined by Rs 19,284.8 crore to Rs 15,25,339.72 crore. ICICI Bank lost Rs 13,566.92 crore in its market valuation which stood at Rs 10,29,470.57 crore.

The valuation of Bajaj Finance dropped by Rs 13,236.44 crore to Rs 5,74,977.11 crore and that of LIC diminished by Rs 10,246.49 crore to Rs 5,95,277.16 crore.

The mcap of Hindustan Unilever climbed Rs 7,906.37 crore to Rs 5,49,757.36 crore and that of State Bank of India went up by Rs 5,756.38 crore to Rs 7,24,545.28 crore.

In the ranking of 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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