Nine of the 10 most valued companies in the country together added Rs 67,754.53 crore to their market valuations last week, with RIL and TCS emerging as the best performers. The m-cap figure changes daily with the stock price movement.
ONGC was the only one from the top 10 list to suffer erosion from its market capitalization (m-cap) in the week ended Friday. The gainers include HDFC Bank, ITC, HDFC, SBI, Hindustan Unilever Ltd (HUL), Maruti Suzuki India and Infosys.
The market valuation of RIL, the most valued company, surged Rs 13,113.65 crore to Rs 4,97,857.07 crore. TCS had replaced RIL as the most valued firm more than four years ago, but a sharp rally in the shares of Mukesh Ambani-led firm in the recent past has helped the company to close the gap.
Indian multinational IT major Tata Consultancy Services (TCS) saw its m-cap soar by Rs 12,749.16 crore to Rs 4,59,199.31 crore and SBI added Rs 9,840.54 crore to Rs 2,51,710.59 crore. Temporary ups and down in the valuation chart of the TCS and RIL were seen in April as well. TCS Ranked As Top Employer In US: Hired Over 12,500 People In Last 5 Years
HUL and HDFC Bank
HUL's valuation surged Rs 9,079.93 crore to Rs 2,46,684.02 crore and that of Infosys advanced by Rs 8,280.49 crore to Rs 2,23,274.51 crore. The m-cap of HDFC Bank jumped Rs 4,028.13 crore to Rs 4,32,669.79 crore and that of Maruti rose by Rs 3,853.03 crore to Rs 2,28,275.86 crore.
ITC's valuation went up by Rs 3,767.17 crore to Rs 4,09,771.01 crore and that of HDFC gained Rs 3,042.43 crore to Rs 2,62,556.65 crore. ONGC, however, lost Rs 1,411.66 crore to Rs 2,03,470.94 crore from its m-cap. Which Are The Most Valued Indian Companies?
Top 10 firms
In the ranking of top-10 firms, RIL stood at number one position followed by TCS, HDFC Bank, ITC, HDFC, SBI, HUL, Maruti, Infosys, and ONGC. Last week, both key indices Sensex and Nifty rose significantly by 660.12 points, or 2.10 per cent, and 220.55 points, or 2.28 per cent, respectively.