Seven of top-10 firms add INR 76,998 cr in m-cap; TCS biggest gainer

New Delhi, Oct. 26 (PTI): The combined market capitalisation of seven of the 10 most valued Indian firms advanced by INR 76,998.4 crore last week, with TCS leading the chart.

Reliance Industries Limited (RIL), HUL, HDFC, ITC, ICICI Bank and SBI were the other firms which witnessed a jump in their market valuation for the week ended Friday, while HDFC Bank, Kotak Mahindra Bank and Infosys suffered losses.

The valuation of Tata Consultancy Services (TCS) zoomed INR 25,403.64 crore to INR 7,97,400.51 crore.

ICICI Bank’s market capitalisation (m-cap) rallied INR 20,271.2 crore to INR 3,03,054.59 crore and that of SBI advanced INR 10,664.91 to reach INR 2,51,317.06 crore.

Likewise, the m-cap of RIL appreciated by INR 9,762.29 crore to INR 9,06,941.76 crore.

The valuation of Hindustan Unilever Limited (HUL) jumped INR 7,934.03 crore to INR 4,63,886.75 crore and that of ITC went up by INR 1,658.68 crore to INR 3,04,520.66 crore.

HDFC’s valuation rose by INR 1,303.65 crore to INR 3,63,105.62 crore.

In contrast, the m-cap of Infosys plunged INR 55,921.5 crore to INR 2,73,830.43 crore.

Shares of the IT major had plummeted nearly 17 per cent on Tuesday following a whistleblower complaint regarding alleged malpractices by the top management.

Kotak Mahindra Bank’s valuation dropped INR 5,262.13 crore to INR 3,03,293.39 crore and that of HDFC Bank dipped INR 273.54 crore to INR 6,72,192.76 crore.

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

During the last holiday-shortened week, the BSE Sensex lost 240.32 points or 0.61 per cent.