📷 Image Credits: Moneycontrol
In the past week, there has been a significant uptick in the market valuation of the top Indian companies. According to recent data, eight out of the top 10 domestic firms have witnessed a collective increase of Rs 3.28 lakh crore in market capitalization. Leading the pack are renowned companies like Tata Consultancy Services (TCS), Hindustan Unilever (HUL), and Reliance Industries.
The BSE benchmark saw a notable surge of 2,732.05 points or 3.69 per cent during this period. The 30-share BSE Sensex also experienced a substantial increase, jumping 1,720.8 points or 2.29 per cent to achieve a new record peak of 76,795.31 in intra-day trade on Friday.
Among the top performers, Reliance Industries, TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, HUL, and ITC showed significant gains. Collectively, these companies added a whopping Rs 3,28,116.58 crore to their market valuations.
Specifically, TCS witnessed an impressive surge in market valuation by Rs 80,828.08 crore, reaching Rs 14,08,485.29 crore. HUL added Rs 58,258.11 crore to its market cap, now standing at Rs 6,05,407.43 crore. The market valuation of Reliance Industries also saw a notable increase of Rs 54,024.35 crore, reaching Rs 19,88,741.47 crore.
Furthermore, the market capitalization of HDFC Bank soared by Rs 32,241.67 crore, taking it to Rs 11,96,325.52 crore, while Bharti Airtel’s valuation climbed by Rs 32,080.61 crore to Rs 8,10,416.01 crore. ITC and ICICI Bank also experienced positive growth in their market values.
On the other hand, companies like LIC witnessed a decline in market cap during this period. With Reliance Industries retaining its position as the top company in terms of valuation, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, and others, the Indian market has seen substantial movements in the past week.
