15 Aug , 2021 By : Kanchan Joshi
Eight of the 10 most valued companies added a total Rs1,60,408.24 crore to their market valuation last week, with heavyweights Tata Consultancy Services and Reliance Industries contributing the most amid a bullish trend in equities.
During the last week, the 30-share BSE benchmark jumped 1,159.57 points or 2.13 per cent. On Friday, the benchmark reached its lifetime high of 55,487.79, crossing the 55,000-mark for the first time. From the top-10 list, State Bank of India and Bajaj Finance were the only laggards.
The valuation of Tata Consultancy Services jumped Rs56,133.1 crore to reach Rs12,80,574.59 crore, becoming the biggest gainer among the most valued companies. Reliance Industries added Rs35,310.7 crore, taking its market valuation to Rs13,59,652.06 crore.
The market capitalisation (mcap) of Infosys rallied Rs23,521.63 crore to Rs7,26,419.85 crore and that of HDFC Bank surged Rs17,370.86 crore to Rs8,43,703.53 crore.
HDFC added Rs13,304.96 crore to Rs4,88,217.12 crore and the valuation of Hindustan Unilever Limited rose by Rs7,671.41 crore to Rs5,64,782.42 crore. ICICI Bank's valuation climbed rs5,321.09 crore to Rs4,88,352.01 crore and that of Kotak Mahindra Bank jumped Rs1,774.49 crore to Rs3,54,482.60 crore.
In contrast, the mcap of Bajaj Finance dipped Rs4,288.54 crore to Rs3,71,340.29 crore and that of State Bank declined Rs3,837.58 crore to Rs3,84,963.12 crore. In the ranking of the most valued firms, Reliance Industries was leading the chart 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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