13 Mar , 2022 By : Kanchan Joshi
Markets made a significant recovery last week with nine out of ten most valued stocks cumulatively contributing a whopping Rs1,91,434.41 crore in the valuation. Reliance Industries (RIL), Tata Consultancy Services (TCS), and Infosys emerged as the biggest winners, while ICICI Bank was the top laggard in the pack.
On Friday, Sensex and Nifty settled with marginal gains over 55,550 and 16,630 levels. From March 04, till the last trading session of last week, benchmark Sensex skyrocketed by 1,216.49 or 2.23%. Despite the Russia-Ukraine conflict keeping the tone of markets volatile, Indian equities picked up pace last week on the back of major state elections and crude oil prices tilting downward after a wild see-sawing in the past weeks.
RIL which is the most valued company in terms of market cap on BSE, was the biggest contributor last week with the addition of Rs49,492.7 crore - taking its market cap to Rs16,22,543.06 crore.
IT giants TCS and Infosys valuation rose by Rs41,533.59 crore and Rs27,927.84 crore - reaching at valuation of Rs7,66,447.27 crore and Rs13,31,917.43 crore. TCS is the second most valued company on BSE in terms of market cap.
Meanwhile, Bharti Airtel added Rs22,956.67 crore taking its market cap to Rs3,81,586.05 crore. FMCG-giant Hindustan Unilever followed with market cap jumping by Rs17,610.19 crore reaching at Rs4,92,204.13 crore.
HDFC Bank which is the third most valued company on BSE, added Rs16,853.02 crore in its market valuation to Rs7,74,463.18 crore. Parent, HDFC's market cap advanced by Rs2,210.49 crore to Rs4,04,421.20 crore.
Furthermore, the largest lender, State Bank of India (SBI) recorded an uptick of Rs7,541.3 crore in market cap to Rs4,19,813.73 crore. Bajaj Group-backed Bajaj Finance's market cap climbed by Rs5,308.61 crore to Rs4,00,014.04 crore.
On the contrary, ICICI Bank logged a correction in its market cap. It plummeted by Rs7,023.32 crore to Rs4,71,047.52 crore.
In the top-10 list, on BSE, RIL held its top position followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, SBI, HDFC, and Bharti Airtel.
0 Comment