Last week, four of India’s top 10 most-valued companies added a total of ₹81,151.31 crore to their market valuation, with ICICI Bank and HDFC Bank leading the gains. Despite this, the BSE benchmark index declined by 156.61 points, or 0.19 per cent, as per a report by PTI.
ICICI Bank’s valuation increased by ₹28,495.14 crore to ₹8,90,191.38 crore, while HDFC Bank added ₹23,579.11 crore, reaching ₹12,82,848.30 crore. The State Bank of India (SBI) gained ₹17,804.61 crore, raising its value to ₹7,31,773.56 crore, and Bharti Airtel saw an increase of ₹11,272.45 crore, taking its market valuation to ₹9,71,707.61 crore, as per a report by PTI.
Top losers
However, several top firms faced losses in market value. Infosys saw a significant drop of ₹23,314.31 crore, bringing its valuation down to ₹7,80,126.10 crore. Reliance Industries lost ₹16,645.39 crore, lowering its value to ₹18,38,721.14 crore, as per a report by PTI.
Hindustan Unilever’s market value declined by ₹15,248.85 crore to ₹6,38,066.75 crore, while TCS shed ₹10,402.01 crore, reducing its valuation to ₹14,91,321.40 crore. LIC’s valuation fell by ₹8,760.12 crore to ₹5,91,418.91 crore, and ITC saw a decline of ₹2,251.37 crore, bringing its value to ₹6,08,682.29 crore, as per a report by PTI.
Despite the mixed performance, Reliance Industries retained its position as the most valuable company in India, followed by TCS, HDFC Bank, and Bharti Airtel. Other top-valued companies include ICICI Bank, Infosys, SBI, Hindustan Unilever, ITC, and LIC, as per a report by PTI.
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