Nine of the top 10 most valued firms saw their market capitalisations increase by Rs 2,01,552.69 crore last week, with Bharti Airtel leading the gains. The Bombay Stock Exchange benchmark, the Sensex, climbed 1,707.01 points, or 2.10%, reaching a record high of 83,116.19 on Thursday.
Bharti Airtel’s market cap surged by Rs 54,282.62 crore to Rs 9,30,490.20 crore, making it the top gainer among the top 10 companies. ICICI Bank’s valuation rose by Rs 29,662.44 crore to Rs 8,80,867.09 crore, while Tata Consultancy Services (TCS) added Rs 23,427.12 crore, bringing its valuation to Rs 16,36,189.63 crore.
Hindustan Unilever saw its market cap increase by Rs 22,438.60 crore to Rs 6,89,358.33 crore, and HDFC Bank’s valuation went up by Rs 22,093.99 crore to Rs 12,70,035.77 crore. Infosys gained Rs 17,480.49 crore, reaching Rs 8,07,299.55 crore, and ITC’s valuation rose by Rs 15,194.17 crore to Rs 6,42,531.82 crore.
Reliance Industries’ market cap climbed by Rs 9,878.19 crore to Rs 19,92,160.61 crore, while State Bank of India saw an increase of Rs 7,095.07 crore, bringing its valuation to Rs 7,05,535.20 crore. However, Life Insurance Corporation of India (LIC) experienced a decrease in its market cap by Rs 3,004.38 crore, settling at Rs 6,54,004.76 crore.
Reliance Industries continues to lead the list of the top 10 most valued firms, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, LIC, and ITC.
(With PTI inputs)