Five of top 10 companies add Rs 37,214 crore in market cap; ITC, HUL shine
The combined market valuation of five of the 10 most valued Indian firms rose by Rs 37,214 crore last week, with ITC and HUL emerging as the lead gainers.
The gainers in the top-10 list are HDFC Bank, ITC, HDFC, HUL and Maruti Suzuki India, while those who witnessed losses for the week ended Friday are TCS, RIL, SBI, ONGC and Infosys.
The market capitalisation (m-cap) of ITC soared Rs 12,754.75 crore to Rs 3,87,683.73 crore, taking the biggest gain among the top-10 entities.
HUL's valuation surged Rs 10,022.33 crore to Rs 2,35,266.20 crore and that of HDFC jumped Rs 9,971.39 crore to Rs 2,55,904.81 crore.
HDFC Bank added Rs 3,230.02 crore to Rs 4,20,207.30 crore and Maruti saw its m-cap jump Rs 1,235.51 crore to Rs 2,14,907.31 crore.
On the other hand, the valuation of Infosys slumped Rs 6,144.33 crore to Rs 2,22,677.30 crore and that of RIL slipped Rs 3,592.84 crore to Rs 4,30,733.79 crore.
TCS saw its m-cap decline by Rs 3,438.40 crore to Rs 5,04,794.08 crore, ONGC lost Rs 2,438.31 crore to Rs 2,23,169.96 crore and SBI (Rs 851.53 crore to Rs 2,33,077.30 crore).
In the ranking of top-10 firms in the mcap chart, TCS stood at number one position followed by RIL, HDFC Bank, ITC, HDFC, HUL, SBI, ONGC, Infosys and Maruti.
HUL saw significant rise in the ranking chart when compared to last week where it stood at ninth place.
Over the past week, the benchmark Sensex rose by 245 points to end at 31,273.29.