Six of the top 10 most valued Indian companies witnessed a combined increase in their market capitalization (MCAP) of Rs 74,111 crore last week, with Reliance Industries emerging as the biggest winner.
Market Performance Overview
During the week ended Friday, the BSE benchmark Sensex gained 1,042.71 points, or 1.43 percent, reflecting positive investor sentiment. Among the top 10 firms, six saw their MCAP rise, while four experienced declines.
Top Gainers
- Reliance Industries: The conglomerate added Rs 25,808.74 crore, taking its total MCAP to Rs 15,98,332.43 crore.
- TCS: The IT giant’s market value surged by Rs 19,342.76 crore to Rs 12,21,248.69 crore.
- HDFC Bank: The private sector lender saw an increase of Rs 10,726.91 crore, reaching Rs 9,23,941.25 crore.
- ICICI Bank: The bank’s MCAP rose by Rs 9,921.1 crore to Rs 6,95,522.51 crore.
- Bharti Airtel: The telecom operator added Rs 4,678.99 crore, taking its valuation to Rs 5,45,159.99 crore.
- ITC: The diversified conglomerate saw a gain of Rs 3,632.5 crore, reaching Rs 5,20,485.85 crore.
Top Losers
- Hindustan Unilever: The FMCG major lost Rs 4,010.79 crore, with MCAP falling to Rs 5,90,825.35 crore.
- Infosys: The IT services company saw a decline of Rs 2,345.58 crore, ending at Rs 6,00,198.66 crore.
- SBI: The state-owned lender’s MCAP dropped by Rs 1,025.74 crore to Rs 5,32,599.85 crore.
- LIC: The insurer’s market value decreased by Rs 126.52 crore to Rs 5,06,793.32 crore.
Ranking of Top 10 Firms
Reliance Industries retained the top position, followed by TCS, HDFC Bank, ICICI Bank, and Infosys. The remaining five include Hindustan Unilever, Bharti Airtel, SBI, ITC, and LIC. The overall market cap of these 10 firms stood at Rs 77,35,107.44 crore at the end of the week.
Analysts attributed the gains to robust buying in select blue-chip stocks and positive global cues. The coming weeks are expected to see further volatility as quarterly earnings season progresses.
