Seven of top-10 firms add Rs 76,998 crore in m-cap

SUMMARY

Reliance Industries Limited (RIL), TCS, HUL, HDFC, ITC, ICICI Bank and SBI witnessed a jump in their market valuation, while HDFC Bank, Kotak Mahindra Bank and Infosys suffered losses.

By PTIOct 28, 2019 6:26:18 AM IST (Updated)

The combined market capitalisation of seven of the 10 most valued Indian firms advanced by Rs 76,998.4 crore last week, with TCS leading the chart. The valuation of Tata Consultancy Services (TCS) zoomed Rs 25,403.64 crore to Rs 7,97,400.51 crore.

ICICI Bank's market capitalisation (m-cap) rallied Rs 20,271.2 crore to Rs 3,03,054.59 crore.

SBI’s market capitalisation (m-cap) advanced Rs 10,664.91 to reach Rs 2,51,317.06 crore.

The m-cap of RIL appreciated by Rs 9,762.29 crore to Rs 9,06,941.76 crore.

The valuation of Hindustan Unilever Limited (HUL) jumped Rs 7,934.03 crore to Rs 4,63,886.75 crore and that of ITC went up by Rs 1,658.68 crore to Rs 3,04,520.66 crore.

HDFC's valuation rose by Rs 1,303.65 crore to Rs 3,63,105.62 crore.

The m-cap of Infosys plunged Rs 55,921.5 crore to Rs 2,73,830.43 crore. Shares of the IT major had plummeted nearly 17 percent on Tuesday following a whistleblower complaint regarding alleged malpractices by the top management.

Kotak Mahindra Bank's valuation dropped Rs 5,262.13 crore to Rs 3,03,293.39 crore and that of HDFC Bank dipped Rs 273.54 crore to Rs 6,72,192.76 crore.