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Published on 29/03/2020 12:19:24 PM | Source: Live Mint

7 of top 10 most valued cos add ₹1.23 lakh crore in m-cap; Infosys, RIL lead

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MUMBAI : Seven of the top 10 most-valued Indian companies together added ₹1,23,039.72 crore in market valuation last week, led by Infosys and Reliance Industries Limited (RIL). While Tata Consultancy Services (TCS), RIL, HDFC Bank, HUL, HDFC, Infosys and Kotak Mahindra Bank witnessed addition in their market capitalisation for the week ended on Friday, Bharti Airtel, ICICI Bank and ITC suffered losses on the other hand.

The market cap of Infosys zoomed ₹29,215.96 crore to ₹2,78,339.46 crore, the most among the top-10 firms.

RIL's valuation jumped ₹28,716.88 crore to ₹6,75,448.95 crore.

The m-cap of Kotak Mahindra Bank climbed ₹25,741.80 crore to reach ₹2,67,353.25 crore and that of Hindustan Unilever Limited (HUL) gained ₹19,007.13 crore to ₹4,63,336.65 crore.

HDFC Bank's valuation rose by ₹12,544.69 crore to reach ₹4,96,264.84 crore and that of TCS climbed ₹7,729.91 crore to ₹6,82,408.68 crore.

Also, HDFC added ₹83.35 crore to ₹3,03,805.48 crore in its market valuation.

In contrast, ITC's valuation dropped ₹15,549.67 crore to ₹2,00,240.45 crore.

Likewise, Bharti Airtel's market cap fell by ₹7,092.22 crore to ₹2,44,899.97 crore and ICICI Bank witnessed an erosion of ₹3,624.58 crore to ₹2,20,128.56 crore.

In the ranking of top-10 firms, TCS was at the lead place, followed by RIL, HDFC Bank, HUL, HDFC, Infosys, Kotak Mahindra Bank, Bharti Airtel, ICICI Bank and ITC.

Over the last week, the BSE benchmark index fell by 100.37 points to close at 29,815.59 on Friday.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.