Market capitalization of five of the top-10 companies increased by one lakh crore rupees, TCS benefited the most
The market capitalization of five of the 10 most valuable companies increased by Rs 1,01,389.44 crore last week. In this, the largest and almost half of the increase was recorded in the shares of IT company Tata Consultancy Services (TCS) alone. Besides TCS, the market capitalization of Reliance Industries Limited (RIL), Infosys, Hindustan Unilever Limited (HUL) and Bajaj Finance strengthened last week.
At the same time, the capitalization of HDFC Bank, HDFC Ltd, ICICI Bank, State Bank of India (SBI) and Kotak Mahindra Bank declined.
The market capitalization of TCS rose by Rs 47,551.31 crore to Rs 12,10,218.64 crore last week. Infosys added Rs 26,227.28 crore to its capitalization to take it to Rs 6,16,479.55 crore. RIL’s market capitalization rose by Rs 14,200.35 crore to Rs 14,02,918.76 crore last week, Bajaj Finance improved by Rs 7,560.02 crore to Rs 3,69,327.31 crore and HUL jumped Rs 5,850.48 crore to Rs 5,56,041.95 crore.
In contrast to these companies, HDFC Ltd’s market capitalization declined by Rs 10,968.39 crore to Rs 4,21,972.21 crore last week. HDFC Bank lost Rs 8,249.47 crore last week and will hit the stock market on Monday with a capitalization of Rs 8,20,091.77 crore.
The capitalization of ICICI Bank declined by Rs 4,927.52 crore, that of SBI by Rs 3,614.47 crore and that of Kotak Mahindra Bank by Rs 2,924.02 crore. The top 10 companies at the end of the week were RIL, TCS, HDFC Bank, Infosys, HUL, HDFC, ICICI Bank, SBI, Bajaj Finance and Kotak Mahindra Bank.