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m-cap: Eight Of Top 10 Firms Add Rs 54,968 cr, Infosys and SBI See Losses

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The combined market valuation of eight of the 10 most valued firms surged by Rs 54,968.17 crore last week, with ITC and HUL emerging as the biggest gainers.

 

Infosys and the State Bank of India (SBI), however, suffered losses in their market capitalisation (m-cap) for the week ended Friday. The rest eight firms, including RIL, Tata Consultancy Services (TCS), and HDFC Bank, saw an addition to their m-cap.

The valuation of ITC soared Rs 12,559.75 crore, to reach Rs 3,43,120.21 crore.

Companies saw addition to m-cap

Companies saw addition to m-cap

HUL's m-cap jumped Rs 10,140.52 crore to Rs 2,59,670.81 crore and that of Reliance Industries Ltd (RIL) advanced by Rs 9,381.74 crore to Rs 5,12,304.52 crore. IOC, the new entrant in the top-10 list, added Rs 7,042.02 crore to Rs 2,07,250.02 crore in its market valuation.

HDFC, TCS and Maruti

HDFC, TCS and Maruti

The m-cap of HDFC soared Rs 6,579.77 crore to Rs 2,76,439.84 crore and that of Maruti Suzuki India surged Rs 5,050.78 crore to Rs 2,30,186.52 crore. TCS' valuation went up by Rs 3,608.43 crore to Rs 4,81,031.76 crore and that of HDFC Bank rose by Rs 605.16 crore to Rs 4,51,602.81 crore.

Performance of Infosys
 

Performance of Infosys

On the other hand, Infosys saw its m-cap erode by Rs 14,847.69 crore to Rs 2,12,033.02 crore. Shares of Infosys had on Friday ended sharply lower by nearly 10 per cent after Vishal Sikka, the first non-founder CEO of the company, called it quits.

RIL on the top 10 m-cap chart

RIL on the top 10 m-cap chart

SBI's valuation slumped Rs 1,726.41 crore to Rs 2,40,532.08 crore. RIL continued to rule the top-10 m-cap chart followed by TCS, HDFC Bank, ITC, HDFC, Hindustan Unilever Ltd, SBI, Maruti, Infosysand IOC. Over the last week, the BSE's 30-share benchmark recorded gains of 311.09 points or 0.99 per cent.

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