Tata Consultancy Services (TCS) has emerged as the biggest gainer in the market capitalisation with eight of the 10 most valued Indian firms adding over Rs 1.34 trillion (US$ 19.17 billion) together last week.
For the week that ended on Friday, firms which saw improvement in their market capitalisation (m-cap) other than TCS includes Reliance Industries Limited (RIL), HUL, HDFC, ITC, Infosys, HDFC Bank and SBI, whereas Kotak Mahindra Bank and ICICI Bank finished with losses.
The market valuation of TCS rose from Rs 28,893.36 crore (US$ 4.13 billion) to Rs 8,26,293.87 crore (US$ 118.23 billion).
Infosys’ m-cap grew by Rs 24,704.61 crore (US$ 3.53 billion) to Rs 2,98,535.04 crore (US$ 42.71 billion), while State Bank of India (SBI) increased from Rs 28,469.51 crore (US$ 4.07 billion) to Rs 2,79,786.57 crore (US$ 40.03 billion).
RIL’s m-cap rose by Rs 16,671.95 crore (US$ 2.39 billion) to Rs 9,23,613.71 crore (US$ 132.15 billion) while that of Hindustan Unilever Limited (HUL) spurted Rs 7,977.33 crore (US$ 1.14 billion) to reach Rs 4,71,864.08 crore (US$ 67.52 billion).
HDFC’s market valuation increased by Rs 4,428.96 crore (US$ 0.63 billion) to reach Rs 3,67,534.58 crore (US$ 523 billion), and ITC added Rs 16,525.33 crore (US$ 2.36 billion) to its valuation to stand at Rs 3,21,045.99 crore (US$ 46 billion).
The HDFC Bank valuation increased by Rs 6,739.43 crore (US$ 0.96 billion) to reach Rs 6,78,932.19 crore (US$ 97.14 billion).
On the other hand, the m-cap of Kotak Mahindra Bank decreased by Rs 1,456.04 crore (US$ 0.21 billion) to Rs 3,01,837.35 crore (US$ 43.19 billion) while that of ICICI Bank plunged Rs 4,519.55 crore (US$ 0.65 billion) to Rs 2,98,535.04 crore (US$ 42.71 billion).
In respect of the ranking of the top-10 firms, the top spot was retained by RIL, followed by TCS, HDFC Bank, HUL, HDFC, ITC, Kotak Mahindra Bank, ICICI Bank, Infosys and SBI.