7 of the top-10 most valuable companies have a makeup of Rs. 1.23 lakh crore surge; Reliance is the biggest winner

With Reliance Industries stealing the limelight with the biggest jump in its valuation, in line with the bullish trend in equities, the combined market capitalization of seven of the top 10 most valued companies rose last week by Rs. A jump of 1,23,724.19 crores was recorded.

Last week, the BSE benchmark rose 720.56 points or 0.84 percent.

Among the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Larsen & Toubro and Hindustan Unilever were the beneficiaries, while Tata Consultancy Services (TCS), Infosys and Bajaj Finance faced erosion in their valuations.

The market valuation of Reliance Industries is Rs. 45,266.12 crore increased to Rs. 21,54,978.60 crores.

State Bank of India Rs. 30,414.89 crore added, valued at Rs. 9,22,461.77 crores.

Larsen & Toubro is valued at Rs. 16,204.34 crore increased to Rs. 5,72,640.56 crore and Hindustan Unilever is valued at Rs. 14,626.21 crore increased to Rs. 5,51,637.04 crores.

HDFC Bank’s market capitalization (mcap) is Rs. 13,538.43 crore increased to Rs. 15,40,303.87 crore and ICICI Bank’s market capitalization is Rs. 3,103.99 crore to Rs. 9,68,773.14 crores.

Bharti Airtel’s mcap is Rs. 570.21 crore increased to Rs. 12,01,262.53 crores.

However, the market valuation of TCS is Rs. 10,745.72 crore reduced to Rs. 11,75,914.62 crores.

Infosys mcap Rs. 6,183.25 crore reduced to Rs. 6,81,635.59 crore and Bajaj Finance Rs. 5,693.58 crores down to Rs. 6,16,430.43 crores.

Reliance Industries retained the title of the most valuable firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro and Hindustan Unilever.