Mcap of 4 of top-10 valued firms jumps over Rs 1.15 lakh cr; RIL biggest gainer

By: |
January 24, 2021 11:48 AM

Reliance Industries Limited, Tata Consultancy Services (TCS), Hindustan Unilever Limited and Bajaj Finance witnessed a rally in their market valuation.

reliance industriesThe valuation of Reliance Industries Limited jumped Rs 71,033.44 crore to reach Rs 12,99,363.47 crore, becoming the biggest gainer.

Four of the top 10 valued firms added a total Rs 1,15,758.53 crore to their combined market valuation last week, helped by Reliance Industries which added Rs 71,033.44 crore to its market cap.

The BSE benchmark scaled the 50,000-mark for the first time on Thursday. Last week, the 30-share BSE benchmark dipped 156.13 points or 0.31 per cent.

Reliance Industries Limited, Tata Consultancy Services (TCS), Hindustan Unilever Limited and Bajaj Finance witnessed a rally in their market valuation.

On the other hand, HDFC Bank, Infosys, HDFC, ICICI Bank, Kotak Mahindra Bank and Bharti Airtel suffered cumulative loss of Rs 48,941.18 crore in their valuations.

The valuation of Reliance Industries Limited jumped Rs 71,033.44 crore to reach Rs 12,99,363.47 crore, becoming the biggest gainer.

The market capitalisation of Tata Consultancy Services zoomed Rs 26,191.64 crore to Rs 12,39,562.76 crore and that of Hindustan Unilever Limited gained Rs 13,357.22 crore to Rs 5,65,949.36 crore.

Bajaj Finance added Rs 5,176.23 crore to take its valuation to Rs 2,99,332.25 crore.

In contrast, Bharti Airtel’s valuation declined Rs 13,993.5 crore to Rs 3,14,703.83 crore and that of HDFC Bank tanked Rs 12,502.38 crore to Rs 7,95,112.89 crore.

HDFC’s mcap dipped Rs 7,677.82 crore to Rs 4,66,123.79 crore and that of Kotak Mahindra Bank declined Rs 6,416.75 crore to Rs 3,62,665.26 crore.

The valuation of ICICI Bank fell by Rs 6,370.02 crore to Rs 3,68,375.92 crore and that of Infosys by Rs 1,980.71 crore to Rs 5,70,976.45 crore.

In the ranking of top-10 firms, Reliance Industries Limited continued to rule the list followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, Bharti Airtel and Bajaj Finance Limited.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Analyst Corner: Maintain ‘buy’ on Tata Motors; JLR pivots to EVs
2Analyst Corner: Maintain ‘buy’ on BPCL with target price of ₹550
3Indian Oil Rating: Buy – Retail hikes allay concerns for company