Four of top-10 firms lose Rs 55,682 crore in m-cap; TCS, HUL worst hit

SUMMARY

Four of the top-10 most valued companies suffered a combined erosion of Rs 55,681.8 crore in market valuation last week, with Tata Consultancy Services and HUL taking the sharpest hit.

By PTINov 11, 2019 6:26:27 AM IST (Updated)

The valuation of TCS tumbled Rs 26,900.6 crore to Rs 6,22,401.90 crore, making it the top loser among the pack.

It was followed by Hindustan Unilever Limited (HUL), whose m-cap valuation plunged Rs 20,230.2 crore to Rs 4,51,633.92 crore.

Reliance Industries Limited (RIL) lost Rs 7,383.37 crore crore in m-cap to stand at Rs 9,16,230.34 crore, while ITC's valuation dropped Rs 1,013.61 crore to Rs 3,20,032.38 crore.

In contrast, the market cap of ICICI Bank rallied Rs 17,760.52 crore to reach Rs 3,16,295.56 crore.

HDFC Ltd's valuation zoomed Rs 17,594.97 crore to Rs 3,85,129.55 crore and that of HDFC Bank jumped Rs 7,854.78 crore to Rs 6,86,786.97 crore.

Infosys added Rs 5,747.24 crore to Rs 3,04,282.28 crore in its m-cap and Kotak Mahindra Bank witnessed a rise of Rs 3,820.24 crore to Rs 3,05,657.59 crore.

The market valuation of State Bank of India (SBI) went up by Rs 2,097.29 crore to Rs 2,81,883.86 crore.