Dalal Street top movers: Reliance, Airtel lead gains; 7 of top-10 firms add Rs 1.28 lakh crore in valuation
Seven of India’s top-10 most valued companies added Rs 1,28,281.52 crore in market capitalisation last week, with Reliance Industries and Bharti Airtel emerging as the biggest contributors, tracking gains in broader equities, PTI reported.The BSE benchmark rose 669.14 points, or 0.79 per cent, during the week.
Reliance, Airtel top weekly gains
The market valuation of Reliance Industries increased by Rs 36,673 crore to Rs 20,92,052.61 crore, while Bharti Airtel’s mcap jumped Rs 36,579.01 crore to Rs 12,33,279.85 crore.Tata Consultancy Services added Rs 16,299.49 crore to reach Rs 11,39,715.66 crore, while Infosys gained Rs 17,490.03 crore, taking its valuation to Rs 6,41,688.83 crore.HDFC Bank’s mcap rose by Rs 14,608.22 crore to Rs 15,35,132.56 crore and State Bank of India gained Rs 4,846.08 crore to Rs 8,97,769.87 crore. Hindustan Unilever’s valuation increased by Rs 1,785.69 crore to Rs 5,71,972.75 crore.
Bajaj Finance, LIC, ICICI Bank lose ground
Among laggards, Bajaj Finance saw its valuation slip by Rs 8,244.79 crore to Rs 6,25,328.59 crore, while LIC fell Rs 4,522.38 crore to Rs 5,70,578.04 crore. ICICI Bank’s mcap declined by Rs 1,248.08 crore to Rs 9,79,126.35 crore.
Reliance remains most valued company
Reliance Industries remained the country’s most valuable firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC.
