Mcap of Four of Top-10 Most Valued Firms Declines by Rs 23,417 Crore; Infosys, TCS Biggest Laggards – News18

The mixed market valuation of 4 of the highest-10 most valued companies fell by Rs 23,417.15 crore final week, with IT majors Infosys and Tata Consultancy Services (TCS) taking the most important hit.

Last week, the BSE benchmark superior 540.9 factors or 0.84 per cent.

While Reliance Industries Ltd, TCS, Hindustan Unilever Ltd and Infosys confronted erosion from their market capitalisation (mcap), HDFC Bank, ICICI Bank, ITC, Bharti Airtel, State Bank of India and Bajaj Finance witnessed a mixed addition of Rs 17,386.45 crore.

The market valuation of Infosys fell by Rs 8,465.09 crore to Rs 5,68,064.77 crore, essentially the most among the many prime-10 companies.

The mcap of TCS declined by Rs 6,604.59 crore to Rs 12,19,488.64 crore.

Hindustan Unilever’s mcap diminished by Rs 5,133.85 crore to Rs 5,84,284.61 crore and that of Reliance Industries dipped by Rs 3,213.62 crore to Rs 15,65,781.62 crore.

However, the valuation of HDFC Bank jumped Rs 5,236.31 crore to Rs 11,31,079.20 crore.

ICICI Bank added Rs 3,520.92 crore taking its market valuation to Rs 6,57,563.38 crore.

The mcap of ITC climbed Rs 3,304.93 crore to succeed in Rs 5,44,004.63 crore.

Bharti Airtel’s valuation surged Rs 2,669.67 crore to Rs 5,25,756.89 crore and that of Bajaj Finance gained Rs 1,539.04 crore to Rs 4,51,143.08 crore.

State Bank of India added Rs 1,115.58 crore taking its market valuation to Rs 5,17,092.02 crore.

In the rating of prime-10 companies, Reliance Industries retained essentially the most valued title adopted by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, Bharti Airtel, State Bank of India and Bajaj Finance.

(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)