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5 of top 10 most valued firms add Rs 56,877 crore in m-cap; RIL, ICICI Bank biggest gainers

PTI     December 8, 2019

Five of the 10 most valued firms added a total Rs 56,877.12 crore in market valuation last week, led by IT major Tata Consultancy Services (TCS). The market capitalisation (m-cap) of TCS jumped Rs 26,360.5 crore to Rs 7,96,612.51 crore at close on Friday.

Reliance Industries Limited (RIL), ICICI Bank, Kotak Mahindra Bank and Infosys were among the gainers. HDFC Bank, HUL, HDFC, ITC and State Bank of India (SBI) suffered losses in their m-cap in the week ended on Friday.

Kotak Mahindra Bank's valuation climbed Rs 11,443.51 crore to Rs 3,19,864.26 crore and that of ICICI Bank by Rs 8,329.51 crore to Rs 3,39,341.06 crore.

The market cap of Infosys rose by Rs 8,176.24 crore to Rs 3,04,543.53 crore and of RIL by Rs 2,567.36 crore to Rs 9,85,707.52 crore. Among losers, SBI was the worst hit with its market valuation dropping by ?19,678.8 crore to ?2,85,409.08 crore.

HDFC Bank's m-cap dropped by Rs 15,359 crore to Rs 6,82,367.73 crore and that of Housing Development Finance Corporation (HDFC) by Rs 5,521.67 crore to Rs 3,91,269.72 crore.

The valuation of ITC fell Rs 3,748.24 crore to Rs 2,98,998.76 crore and of Hindustan Unilever Limited (HUL) by Rs 2,294.7 crore to Rs 4,38,482.68 crore. The list of 10 most valuable firms was topped by RIL followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, Infosys, ITC and SBI in that order. Last week, the BSE 30-share index dropped 348.66 points or 0.85%.

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