25 Jul , 2021 By : Kanchan Joshi
Six of the 10 most valued companies witnessed a combined erosion of Rs76,640.54 crore in market valuation last week, with HDFC Bank emerging as the biggest laggard.
During the last week, the 30-share BSE benchmark dipped 164.26 points or 0.30 per cent.
From the top-10 list, Reliance Industries Limited, HDFC Bank, Hindustan Unilever Limited, HDFC, State Bank of India and Kotak Mahindra Bank witnessed erosion in their market capitalisation.
The market valuation of HDFC Bank tumbled Rs43,578.18 crore to reach Rs7,97,422.67 crore.
The valuation of Hindustan Unilever Limited eroded by Rs13,004.97 crore to rs5,54,326.75 crore. HDFC's market valuation plunged Rs9,543.39 crore to rs4,48,566.27 crore and that of Kotak Mahindra Bank dipped Rs5,392.88 crore to Rs3,41,634.86 crore.
The market capitalisation of Reliance Industries dropped by Rs4,184.03 crore to Rs13,34,579.57 crore and that of State Bank by Rs937.09 crore to Rs3,82,999.70 crore.
In contrast, the valuation of Infosys jumped Rs15,055.86 crore to Rs6,77,343.70 crore.
ICICI Bank added Rs11,370.14 crore to its valuation to rs4,68,639.08 crore and Tata Consultancy Services witnessed a gain of Rs6,436.35 crore to Rs11,88,153.80 crore.
The valuation of Bajaj Finance zoomed Rs3,190 crore to Rs3,73,000.18 crore.
In the top-10 list, Reliance Industries was at the top, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC, State Bank, Bajaj Finance and Kotak Mahindra Bank.
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