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Eight of top-10 most valued firms add Rs 52,194-cr in m-cap; SBI, HDFC lead

The Sensex advanced 434.40 points or 1.07 per cent last week

Press Trust of India 

m cap, market capitalisation
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Eight of the top 10 valued Indian companies together added Rs 52,193.73 crore in market valuation last week, in-line with a bullish broader market sentiment, with and emerging as the biggest gainers.

The Sensex advanced 434.40 points or 1.07 per cent last week.

From the top-10 list, only and ITC suffered losses in their (m-cap) for the week closed on Friday.

In contrast, Reliance Industries Ltd (RIL), Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, and Infosys witnessed a rise in their market valuation.

The m-cap of jumped Rs 11,334.26 crore to Rs 3,05,087.85 crore, becoming the top gainer among the ten most valuable companies.

HDFC's valuation zoomed Rs 10,492.7 crore to Rs 3,96,791.39 crore.

The of ICICI Bank climbed Rs 9,871.88 crore to reach Rs 3,31,011.55 crore and that of Kotak Mahindra Bank gained Rs 8,818.24 crore to Rs 3,08,420.75 crore.

Bank's valuation rose by Rs 5,055.54 crore to Rs 6,97,726.75 crore and of RIL went up by Rs 2,852.62 crore to Rs 9,83,140.16 crore.

Reliance Industries on Thursday became the first Indian company to hit the Rs 10 lakh crore market valuation mark following a spike in its share price.

However, on Friday the oil-to-telecom conglomerate's came below this milestone and was at Rs 9,83,140.16 crore at the close of trade.

Hindustan Unilever Limited (HUL) added Rs 2,576.12 crore to Rs 4,40,777.38 crore in its valuation and those of Infosys also advanced Rs 1,192.37 crore to reach Rs 2,96,367.29 crore.

In contrast, Tata Consultancy Services (TCS) witnessed an erosion of Rs 6,698.01 crore to Rs 7,70,252.01 crore from its valuation. Also, the m-cap of ITC fell Rs 1,557.16 crore to Rs 3,02,747 crore.

The list of top-10 firms was topped by RIL followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, State Bank of India (SBI), ITC and Infosys in that order.

First Published: Sun, December 01 2019. 12:08 IST