22 May , 2022 By : Kanchan Joshi
Three of the top five valued firms together added Rs1,78,650.71 crore to their market valuation last week, led by Reliance Industries.
Last week, benchmark BSE Sensex climbed 1,532.77 points or 2.90 per cent.
While Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers from the top-five pack, Tata Consultancy Services and Infosys emerged as the laggards.
The market valuation of Reliance Industries rallied by Rs1,31,320.8 crore to reach Rs17,73,889.78 crore.
Hindustan Unilever added Rs30,814.89 taking its valuation to Rs5,46,397.45 crore. HDFC Bank's market valuation jumped Rs16,515.02 crore to Rs7,33,156.15 crore.
In contrast, the market capitalisation (mcap) of Tata Consultancy Services tanked Rs43,743.96 crore to Rs12,05,254.93 crore.
The valuation of Infosys eroded by Rs20,129.66 crore to Rs6,12,303.26 crore.
In the ranking of top-five valued firms, Reliance Industries was leading the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys and Hindustan Unilever.
Meanwhile, the country's largest insurer LIC on Tuesday made a lacklustre debut on the stock exchanges, listing at over 8% discount.
Life Insurance Corporation of India (LIC) also earned a place in the 10 most valued firms on its debut trading day on Tuesday.
LIC is now at the 6th place in the list of top-10 valued companies by market capitalisation. It commands a market valuation of Rs5,22,602.94 crore.
ICICI Bank is at the 7th spot with a valuation of Rs4,93,251.86 crore, followed by State Bank of India ( Rs4,12,763.28 crore), HDFC ( Rs3,99,512.68 crore) and Bharti Airtel ( Rs3,77,686.72 crore).
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