Mcap of 8 of top-10 most valued firms jump Rs 1.29 lakh cr; HDFC Bank biggest gainer

The combined market valuation of eight of the top-10 most valued firms jumped Rs 1,29,899.22 crore in a holiday-shortened last week, where equity benchmark indices recorded a sharp rally.

Last week, the BSE benchmark jumped 1,133.3 points or 1.59 per cent. The index reached its all-time high of 72,484.34 on December 28.

Equity markets were closed on Monday for Christmas.

HAL Q1FY25: Profit up by 76.5%, first Tejas Mk1A fighter jet delivery likely in November
MSCI Rejig: HDFC Bank likely to see $1.8 billion inflows, Vodafone Idea, RVNL and 6 other stocks likely to be added
Mcap of eight of top-10 most valued firms dive to Rs 1.28 lakh crore, TCS sees largest dip
Sebi clampdown could slash F&O market volumes: Experts
Also Read

Year 2023: An innovative year for digital marketing

While Reliance Industries, HDFC Bank, ICICI Bank, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS) and Infosys were the laggards.

HDFC Bank, LIC, Bharti Airtel and Hindustan Unilever were the biggest winners from the top-10 pack.

The market valuation of HDFC Bank jumped Rs 29,828.84 crore to Rs 12,97,972.04 crore.

LIC added Rs 25,426.49 crore, taking its valuation to Rs 5,27,062.06 crore.

Also Read

Mumbai’s realty market to drive India’s real estate growth – Here’s why

The valuation of Bharti Airtel surged Rs 24,510.96 crore to Rs 5,80,645.54 crore, and that of Hindustan Unilever rallied Rs 20,735.14 crore to Rs 6,25,778.39 crore.

The market capitalisation (mcap) of Reliance Industries zoomed Rs 13,633.07 crore to reach Rs 17,48,827.92 crore, and that of ITC soared Rs 9,164.74 crore to Rs 5,76,809.77 crore.

State Bank of India added Rs 4,730.04 crore, taking its valuation to Rs 5,72,915.46 crore.

The mcap of ICICI Bank climbed Rs 1,869.94 crore to Rs 6,98,965.47 crore.

However, the valuation of TCS declined by Rs 11,105.22 crore to Rs 13,88,591.70 crore, and that of Infosys dipped by Rs 7,946.24 crore to Rs 6,40,351.80 crore.

Reliance Industries continued to retain the title of the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India and LIC.

Related Posts

Jefferies sees 31% upside potential on Finolex Cables; Electrical segment drives growth; retains ‘Buy’ rating with target price of Rs 1219

Jefferies sees a 31% upside potential in Finolex Cables stocks and has maintained a ‘buy’ rating on the scrip with a target price of Rs 1,219.10. “We…

Crude Oil at Crossroads- Israel-Hamas conflict, inventory buildup to influence future direction

By Bhavik Patel Crude oil was on its merry way down last week but the weekend attack by Hamas on Israel changed everything. We saw crude open…

Paytm shares fall 5 per cent; hit lower circuit limit

Shares of One97 Communications Ltd, the owner of the Paytm brand, fell 5 per cent to hit a lower circuit limit in the late morning trade on…

Malabar Gold to consider IPO post FY25

By Swastika MukhopadhyayMalabar Gold & Diamonds, the flagship company of Malabar Group, is in the process of expanding its presence pan-India as well as in international markets…

Rating- NEUTRAL – Robust growth for United Spirits in FY24 expected

United Spirits (UNSP) demonstrated robust performance with a 12.2% like-for-like (LFL) growth, despite challenges such as the double ‘Shraad’ period and a delayed festive season during the…

SAT reserves order in Punit Goenka’s plea against Sebi

The Securities Appellate Tribunal (SAT) on Wednesday reserved its order in an appeal filed by Zee promoter Punit Goenka against an order by the Securities and Exchange…