Increase In The Capitalization Of Top Eight Companies: M-Cap
Increase in the capitalization of top eight companies, Reliance Industries, and TCS benefit the most: M-Cap.
Eight of India’s ten most valuable companies added a total of Rs 1,60,408.24 crore to their market valuations last week.
In which Tata Consultancy Services and Reliance Industries Limited have contributed the most amid the bullish trend inequities.
During the last week, the 30-share BSE benchmark Sensex had gained 2.13 percent or 1,159.57 points.
On Friday, the Sensex had reached its all-time high of 55,487.79, the first time the Sensex has crossed the 55,000 marks.
Among the top ten companies, only the State Bank of India (SBI) and Bajaj Finance saw a decline in m-caps.
During this period, the valuation of Tata Consultancy Services increased by Rs 56,133.1 crore to reach Rs 12,80,574.59 crore, which is the highest among the top 10 companies.
Apart from this, Reliance Industries has also added Rs 35,310.7 crore and the market valuation of this company has gone up to Rs 13,59,652.06 crore.
At the same time, the M-cap of Infosys has increased by Rs 23,521.63 crore and its app-cap has been increased to Rs 7,26,419.85 crore.
Increase in the capitalization of top eight companies: Also, the M-cap of HDFC has increased from Rs 17,370.86 crore to Rs 8,43,703.53 crore.
HDFC has a market valuation of Rs 13,304.96 crore, taking the company’s valuation to Rs 4,88,217.12 crore.
The valuation of Hindustan Unilever Limited has increased by Rs 7,671.41 crore to Rs 5,64,782.42 crore.
The valuation of ICICI Bank has increased by Rs 5,321.09 crore to Rs 4,88,352.01 crore and that of Kotak Mahindra Bank has increased by Rs 1,774.49 crore to Rs 3,54,482.60 crore.
While the m-cap of the remaining eight companies has increased.
The m-cap of Bajaj Finance has come down from Rs 4,288.54 crore to Rs 3,71,340.29 crore and that of SBI has come down by Rs 3,837.58 crore to Rs 3,84,963.12 crore.
Reliance Industries continues to top the ranking of most valuable firms. It is followed by Tata Consultancy Services, HDFC Bank, Infosys.
Hindustan Unilever, ICICI Bank, HDFC, State Bank, Bajaj Finance, and Kotak Mahindra Bank respectively.
