The company is also Adani Group's most valued firm in terms of market valuation
Tata Consultancy Services (TCS) on Monday became the second Indian company to attain a market valuation of Rs 9 trillion after Reliance Industries Limited
"Stock markets and economies globally do get impacted by events all the time and hence there is no such thing as the right time to invest," Gopalakrishnan says.
With its shares up roughly 60 per cent this year, Apple is among the Big Tech winners that have benefited from a safety premium
On the National Stock Exchange (NSE), shares of the oil-to-telecom conglomerate rose 4.40 per cent to close at Rs 2,148.40
Reliance Industries' market valuation crossed Rs 14 lakh crore-mark on Friday as its stock rallied over 4% to scale its fresh peak
After 5 consecutive days of gains, the Nifty 50 index on Tuesday ended at 10,800, its highest close since March 6-before India imposed lockdowns and the economic went through a virtual halt
At close of trade, the company's market capitalisation stood at Rs 1,58,902.37 crore on the BSE.
The current problem that looks to be temporary, isn't changing the longer-term structural economic growth opportunity.
Analysts at Jefferies say the risk-reward is now favourable for investors to start buying
HDFC Bank's valuation dropped Rs 23,435 crore to Rs 6,22,109.94 crore
Experts, however, believe investors still need to tread with caution, given the downside risks to growth and earnings
Analysts however believe looking at Nifty valuations could be misleading as several of its components trade far below their long-term averages
Monetary tightening by the global central banks, crude oil prices, geopolitical tensions (if any), upcoming state elections are some of the factors that can lead to volatility in the markets
In the top-10 list, only Reliance Industries Ltd, TCS and Infosys finished with gains
The seven firms Tata Consultancy Services (TCS), HDFC Bank, ITC, HDFC, Infosys, SBI and Kotak Mahindra Bank saw rise in their valuation
The other firms which witnessed a decline in their market capitalisation (m-cap) for the week ended Thursday were TCS, ITC, ONGC and HDFC Bank
ITC, HUL, HDFC and ONGC suffered losses in their market capitalisation for the week ended Friday
The gap between Nifty's price-earnings multiple and economic growth is at a 12-year high
FDI is still flowing in, there is less trade, capital & earnings that are offshore dependent: Report