Mcap of eight of top-10 most valued companies erodes by over Rs2.61 lakh cr

19 Dec , 2021 By : Kanchan Joshi

Eight of the top-10 most valued companies suffered a combined erosion of Rs2,61,812.14 crore in market valuation last week, with Reliance Industries emerging as the biggest laggard.

In the top-10 list, Infosys and Wipro were the only gainers.

During the last week, the BSE benchmark slumped 1,774.93 points or 3.01%.

The valuation of Reliance Industries (RIL) tumbled by Rs79,658.02 crore to reach Rs15,83,118.61 crore.

HDFC's valuation declined by Rs34,690.09 crore to Rs4,73,922.86 crore.

The market capitalisation (m-cap) of Bajaj Finance dropped by Rs33,152.42 crore to Rs4,16,594.78 crore and that of HDFC Bank dipped by Rs27,298.3 crore to Rs8,16,229.89 crore.

The valuation of Hindustan Unilever Ltd (HUL) tanked by Rs24,083.31 crore to Rs5,24,052.84 crore and that of State Bank of India eroded by Rs24,051.83 crore to Rs4,17,448.70 crore.

ICICI Bank's valuation tumbled by Rs20,623.35 crore to Rs5,05,547.14 crore and that of Tata Consultancy Services dipped by Rs18,254.82 crore to Rs13,26,923.71 crore.

In contrast, the valuation of Infosys jumped by Rs26,515.92 crore to Rs7,66,123.04 crore and that of Wipro went higher by Rs17,450.39 crore to Rs3,67,126.39 crore.

In the ranking of top-10 firms, RIL was leading the chart followed by Tata Consultancy Services, HDFC Bank, Infosys, HUL, ICICI Bank, HDFC, State Bank of India, Bajaj Finance and Wipro.