Five of top 10 firms add ₹35,503 crore in m-cap; TCS, Infosys shine

Mint
March 03, 2019

New Delhi: Five of the 10 most valued Indian firms together added ₹35,503 crore in their market valuation last week, with Tata Consultancy Services (TCS) topping the chart among the gainers.
While TCS, ITC, Infosys, SBI and ICICI Bank witnessed rise in their market capitalisation (m-cap) during the trading week ended Friday, Reliance Industries Ltd (RIL), HDFC Bank, HUL, HDFC and Kotak Mahindra Bank saw losses on the other hand.
TCS saw its valuation rise by ₹24,671.93 crore to ₹7,47,343.7 crore, positioning at the top of the ladder among the ten blue-chip firms.
ITC added ₹4,328.83 crore to ₹3,40,369.6 crore and Infosys valuation gained by ₹3,407.55 crore to ₹3,23,782.7 crore.
The m-cap of SBI jumped by ₹1,963.41 crore to ₹2,43,597.3 crore and that of ICICI Bank rose by ₹1,131.27 crore to₹2,27,770.4 crore.
On the other hand, the market valuation of Hindustan Unilever Ltd (HUL) dropped by ₹7,110.87 crore to ₹3,75,555.8 crore.
HDFC's valuation declined by ₹4,344.84 crore to ₹3,19,880.7 crore and that of RIL fell by ₹3,739.81 crore to ₹7,77,564.2 crore.
The m-cap of Kotak Mahindra Bank went lower by ₹2,757.11 crore to ₹2,34,039.5 crore and that of HDFC Bank dipped by₹2,300.05 crore to ₹5,67,036.2 crore.
In terms of the m-cap value of these top 10 firms, RIL stood at number one place followed by TCS, HDFC Bank, HUL, ITC, Infosys, HDFC, SBI, Kotak Mahindra Bank and ICICI Bank.
Over the last week, the BSE Sensex rose 192.33 points, or 0.57 per cent, to close at 36,063.81.

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