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Last Updated : Dec 22, 2019 10:23 AM IST | Source: PTI

Eight of top-10 cos add Rs 1.13 lakh crore in m-cap; TCS tops chart

The m-cap of TCS surged Rs 56,604.72 crore to stand at Rs 8,33,986.26 crore.

 
 
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Eight of the 10 most valued domestic companies together added a whopping Rs 1.13 lakh crore in market valuation last week, with IT major Tata Consultancy Services (TCS) stealing the show.

Reliance Industries (RIL), HDFC Bank, HDFC, ICICI Bank, Kotak Mahindra Bank, Infosys and State Bank of India (SBI) were the other companies in the top 10 list which saw gains in their market capitalisation (m-cap) for the week ended December 20. Only Hindustan Unilever (HUL) and ITC finished with losses.

The m-cap of TCS surged Rs 56,604.72 crore to stand at Rs 8,33,986.26 crore.

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HDFC Bank's valuation zoomed Rs 18,475.04 crore to Rs 7,09,932.25 crore and that of RIL jumped Rs 10,744.95 crore to Rs 10,13,892.21 crore.

The market cap of HDFC climbed Rs 8,962.42 crore to Rs 4,15,667.65 crore and that of Infosys rose by Rs 8,836.3 crore to reach Rs 3,11,719.03 crore.

ICICI Bank's valuation spurted Rs 5,491.87 crore to Rs 3,53,043.84 crore and of SBI went up by Rs 4,596.17 crore to Rs 3,01,518 crore.

Kotak Mahindra Bank added Rs 253.14 crore to its m-cap to reach Rs 3,23,489.31 crore.

In contrast, the market cap of HUL dropped Rs 12,599.2 crore to Rs 4,21,510.56 crore and that of ITC fell Rs 491.58 crore to Rs 2,96,479.45 crore.

In the list of top-10 firms by market valuation, RIL retained its numero uno position, followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, Infosys, State Bank of India (SBI) and ITC.

During the week, the Sensex rose 671.83 points or 1.63 percent.

 

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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First Published on Dec 22, 2019 10:19 am
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