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    Seven of top 10 most valued firms add Rs 53,732 crore to m-cap; HDFC leads

    Synopsis

    Among the gainers, the valuation of HDFC zoomed Rs 14,941.11 crore to Rs 3,93,135.72 crore.

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    SBI's m-cap rallied Rs 8,656.87 crore to Rs 3,30,746.10 crore.

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    NEW DELHI: Seven of the 10 most valued domestic firms together added Rs 53,732.55 crore in market valuation last week, with HDFC emerging as the biggest gainer.

    Tata Consultancy Services (TCS), Infosys and ICICI Bank were the only companies in the top-10 list which suffered losses in their market capitalisation (m-cap) for the week ended Friday.

    Among the gainers, the valuation of HDFC zoomed Rs 14,941.11 crore to Rs 3,93,135.72 crore.

    SBI's m-cap rallied Rs 8,656.87 crore to Rs 3,30,746.10 crore and that of HDFC Bank jumped Rs 7,925.16 to reach Rs 6,76,480.35 crore.

    The market valuation of Kotak Mahindra Bank Ltd advanced Rs 7,860.21 crore to Rs 2,89,760.94 crore and that of ITC climbed Rs 6,742.25 crore to Rs 3,42,567.46 crore.

    Reliance Industries Ltd (RIL) added Rs 6,719.38 crore to its m-cap to stand at Rs 8,00,366.99 crore, while Hindustan Unilever Ltd (HUL) added Rs 887.57 crore to reach Rs 3,87,802.46 crore.

    In contrast, the valuation of TCS plunged Rs 24,615.64 crore to Rs 8,11,134.24 crore and that of Infosys dropped Rs 5,985.44 crore to Rs 3,13,798.50 crore.

    ICICI Bank's valuation dipped Rs 610.96 crore to Rs 2,81,494.51 crore.

    In the ranking of top-10 firms, TCS was placed at the number one position, followed by RIL, HDFC Bank, HDFC, HUL, ITC, SBI, Infosys, Kotak Mahindra Bank Ltd and ICICI Bank.

    Over the last week, the BSE Sensex gained Rs 118.75 points to close at 39,513.39 on Friday.

    However, benchmark equity indices closed with sharp losses Friday after the Budget proposal to raise public shareholding threshold fanned fears of oversupply of new papers in an already overbought market.


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    1 Comment on this Story

    Niveza Equity Research396 days ago
    TCS stock is down despite of double digit growth of 10.06% in Q1FY20. The stock seems missed the market expectations. It has reported PAT of Rs. 8131 Crore Vs Rs.7340 Crore YoY. The company also reports Income of Rs. 38172 Crore Vs Rs. 34261 Crore YoY for Q1FY20. The stock is fundamentally very strong along with good management. But the stock seems advisable for long term investment only as in medium term it may face some headwinds regarding currency pressure, sluggish sectoral growth as well as softness in BFSI sector. Search Google for NIVEZA FREE Share Market Tips today.
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