The market capitalization of seven of the country’s top 10 valued companies increased by Rs 67,622.08 crore last week. HDFC Bank and ICICI Bank were the biggest gainers in this. Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Ltd. (HUL), HDFC, Kotak Mahindra Bank, ICICI Bank and ITC were the gainers, while market valuations of Reliance Industries Ltd., Infosys and Bharti Airtel declined.
HDFC Bank’s market capitalization (MCAP) jumped by Rs 28,183.55 crore to Rs 5,97,051.15 crore last week. At the same time, ICICI Bank’s MCAP increased by Rs 21,839.67 crore to reach Rs 2,55,929.73 crore. HUL’s MCAP increased by Rs 6,848.94 crore to Rs 5,17,641.12 crore, Kotak Mahindra Bank increased by Rs 6,241.25 crore to Rs 2,65,097.18 crore, HDFC’s Rs 1,858.87 crore rose to Rs 3,22,872.98 crore, TCS increased by Rs 2,157.62 crore to Rs 8,43,611.13 crore. The market cap of rupees and ITC was strong by Rs 492.18 crores to Rs 2,42,280.13 crores.
In contrast, the market capitalization of Reliance Industries declined by Rs 20,507.97 crore to Rs 13,19,705.53 crore. Bharti Airtel’s MCAP declined by Rs 4,855.45 crore to Rs 2,83,688.98 crore and Infosys’ market cap was reduced by Rs 1,972.11 crore to Rs 4,04,151.80 crore.
