The cumulative market valuation of nine out of the ten most valued companies boosted up by Rs 2,30,219.82 crore last week, with HDFC twins leading the pack. Excluding Reliance Industries Ltd country’s most valued firms witnessed a rise in their market valuation for the trading week closed on Friday.
HDFC emerged as the biggest gainer with market capitalisation reaching Rs 7,19,948.29 crores from Rs 68,430.18 crores. The valuation of HDFC zoomed by Rs 38,484.05 crore to reach Rs 3,83,771.94 crore and ICICI Bank jumped from Rs 34,892.98 crore to Rs 3,05,629.04 crore.
Kotak Mahindra Bank’s market cap leapt by Rs 33,649.7 crore to Rs 3,39,980.79 crore and Infosys added Rs 22,489.7 crore to take its valuation to Rs 4,74,242.93 crore. The m-cap of Tata Consultancy Services (TCS) rose by Rs 16,285.35 crore to Rs 10,16,239.59 crore. Bharti Airtel’s valuation ascended by Rs 8,810.72 crore to reach Rs 2,45,363.69 crore and Hindustan Unilever climbed up to Rs 4,92,067.57 crore. Also, HCL Technologies added Rs 2,008.11 crore to Rs 2,30,824.35 crore.
In contrast, the valuation of Reliance Industries dropped by Rs 17,141.77 crore to Rs 13,72,017.43 crore. During the last week, Sensex soared 2,278.99 points or 5.75 per cent.