Mcap of seven of top 10 most valued firms rises `1.33 lakh crore

| | New Delhi
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Mcap of seven of top 10 most valued firms rises `1.33 lakh crore

Monday, 07 November 2022 | PTI | New Delhi

Seven of the top-10 most valued firms together added `1,33,707.42 crore in market valuation last week amid an overall positive trend in equities, with Reliance Industries emerging as the biggest winner.

Last week, the BSE benchmark jumped 990.51 points or 1.65 per cent.

 Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Infosys, State Bank of India, HDFC and ITC were among the gainers, while ICICI Bank, Hindustan Unilever Limited and Bharti Airtel faced erosion from their market valuation.

 The market capitalisation (mcap) of Reliance Industries jumped `44,956.5 crore to `17,53,888.92 crore. HDFC Bank added `22,139.15 crore taking its valuation to `8,34,517.67 crore.

The market valuation of State Bank of India rallied `20,526.61 crore to `5,29,898.82 crore and that of TCS climbed `19,521.04 crore to `11,76,860.69 crore.

 HDFC’s mcap advanced `16,156.04 crore to `4,52,396.31 crore and that of ITC spurted by `9,861.07 crore to `4,38,538.73 crore. The valuation of Infosys gained `547.01 crore to `6,37,023.14 crore. In contrast, the mcap of ICICI Bank declined by `1,518.27 crore to `6,31,314.49 crore and that of Hindustan Unilever fell by `1,186.55 crore to `5,92,132.24 crore.

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