M-cap: 8 of top 10 firms add ₹1.81 lakh crore, Hindustan Unilever, ICICI Bank top gainer
Updated Date July 10, 2022
New Delhi: The M-cap of the 8 of top 10 most valued domestic firms added ₹1,81,209.89 crore last week. According to the report, Hindustan Unilever Ltd emerged as the biggest gainer. Among the winners, Hindustan Unilever Ltd (HUL) added Rs 50,058.05 crore, taking its valuation to Rs 5,86,422.74 crore.
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According to the report, ICICI Bank's valuation jumped ₹35,956.8 crore to reach ₹5,25,656.96 crore. Last week, the BSE benchmark Sensex advanced 1,573.91 points or 2.97 per cent. From the top-10 pack, Reliance Industries and Tata Consultancy Services (TCS) were the only laggards.
Other top gainers, the market valuation of HDFC Bank advanced ₹23,940.12 crore to ₹7,75,832.15 crore and that of Life Insurance Corporation of India (LIC) went up to ₹19,797.24 crore to ₹4,47,841.46 crore. The market capitalisation (m-cap) of State Bank of India (SBI) went higher by Rs 19,232.55 crore to Rs 4,35,922.66 crore and that of Infosys jumped Rs 15,126.4 crore to Rs 6,37,033.78 crore.
Bharti Airtel's valuation moved up by Rs 12,000.08 crore to Rs 3,81,833.20 crore. On the other hand, the market capitalisation of TCS declined by ₹18,770.93 crore to ₹11,94,625.39 crore and The valuation of Reliance Industries went lower by ₹11,805.14 crore to ₹16,17,879.36 crore.
The country's largest software exporter TCS on Friday reported a 5.2 per cent rise in June quarter net profit to Rs 9,478 crore. The results were declared post market hours. Notably, among the ranking of top-10 firms, Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC and Bharti Airtel.
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