M-cap of five of top-10 most valued companies tumble over Rs1.42 lakh crore; RIL most hit

24 Oct , 2021 By : Kanchan Joshi

New Delhi: The combined market valuation of five of the top-10 most valued companies eroded by Rs1,42,880.11 crore last week, with Hindustan Unilever, Reliance Industries and Tata Consultancy Services emerging as major laggards.

Last week, the 30-share BSE benchmark Sensex declined by 484.33 points or 0.79 per cent. Market benchmarks -- Sensex and Nifty -- declined for the fourth consecutive session on Friday.

The market valuation of Hindustan Unilever Ltd (HUL) tumbled Rs45,523.33 crore to reach Rs5,76,836.40 crore.

Reliance Industries Ltd (RIL) valuation eroded by Rs45,126.6 crore to Rs16,66,427.95 crore and Tata Consultancy Services (TCS) market worth tanked by rs41,151.94 crore to Rs12,94,686.48 crore.

The market capitalisation (Mcap) of Bajaj Finance plunged Rs8,890.95 crore to Rs4,65,576.46 crore and that of HDFC Bank Ltd fell by Rs2,187.29 crore to Rs9,31,371.72 crore.

In contrast, Kotak Mahindra Bank added Rs30,747.78 crore taking its valuation to Rs4,30,558.09 crore.

ICICI Bank's market valuation zoomed by Rs22,248.14 crore to reach Rs5,26,497.27 crore.

The valuation of HDFC jumped Rs17,015.22 crore to Rs5,24,877.06 crore and that of State Bank of India gained Rs11,111.14 crore to Rs4,48,863.34 crore.

Infosys added Rs1,717.96 crore taking its valuation to Rs7,29,410.37 crore.

In the ranking of top-10 most valued companies, RIL was leading the chart followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, HDFC, Bajaj Finance, State Bank of India and Kotak Mahindra Bank.