Six of India’s top-10 most-valued companies together added Rs 1,62,288.06 crore to their market valuation last week, with Bharti Airtel and Reliance Industries emerging as the biggest contributors, reported news agency PTI.
The surge aligned with a bullish trend in equities, as the BSE Sensex rose 1,289.57 points or 1.58 per cent.
Bharti Airtel topped the chart, with its market capitalisation (mcap) jumping Rs 54,055.96 crore to Rs 11,04,469.29 crore. Close behind was Reliance Industries, which added Rs 50,070.14 crore, taking its valuation to Rs 19,82,033.60 crore.
HDFC Bank's mcap climbed Rs 38,503.91 crore to Rs 15,07,281.79 crore, recovering from the Rs 47,075.97 crore erosion it suffered a week earlier.
ICICI Bank’s market value rose Rs 8,012.13 crore to Rs 10,18,387.76 crore, while Infosys added Rs 8,433.06 crore, reaching Rs 6,73,751.09 crore.
State Bank of India also gained Rs 3,212.86 crore to hit Rs 7,10,399.75 crore.
However, the four top companies saw declines. Bajaj Finance’s valuation dropped by Rs 17,876.42 crore to Rs 5,62,175.67 crore, the steepest among them.
TCS lost Rs 4,613.06 crore, LIC dipped Rs 1,106.88 crore, and Hindustan Unilever declined Rs 3,336.42 crore.
Despite recent losses, Reliance Industries retained its spot as India’s most-valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance, and Hindustan Unilever.
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