Reliance Industries remained the most valuable firm in terms of firm wise MCAP, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, LIC, ITC, and Hindustan Unilever.
The Tata Group has been recognized as the most valuable business group in India, according to the latest rankings. The group’s immense brand value has been primarily driven by its flagship IT company, Tata Consultancy Services (TCS), and its international diversification strategy with 30 Lakh crore of Market capitalisation.
Reliance Industries Limited (RIL) holds a strong position with substantial market capitalization of Rs 21 Lakh Crore. Meanwhile, the Adani Group ranked 3rd, with Rs 15 Lakh crore. HDFC group is on 4th rank with 14 Lakh crore Rs market cap. Bajaj Group is on the 5th spot with 11 Lakh crores Rs market cap. ICICI group has 4 listed companies with a market value of 10 Lakh crores..
Combined Market Cap Of Firms In Last Week
The combined market valuation of six of the top-10 most-valued firms jumped Rs 2,03,116.81 crore last week, with Tata Consultancy Services and HDFC Bank emerging the biggest gainers, in-line with an optimistic trend at the Dalal Street.
Last week, the BSE benchmark jumped 1,906.33 points, or 2.38 per cent, and the NSE Nifty climbed 546.7 points, or 2.26 per cent.
While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, and State Bank of India were the winners from the pack, Bharti Airtel, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever emerged the laggards.
TCS, HDFC Leds In Market Cap
The market valuation of TCS surged Rs 62,574.82 crore to Rs 16,08,782.61 crore.
HDFC Bank added Rs 45,338.17 crore taking its market valuation to Rs 14,19,270.28 crore. The valuation of Infosys jumped Rs 26,885.8 crore to Rs 7,98,560.13 crore and that of Reliance Industries soared Rs 26,185.14 crore to Rs 17,75,176.68 crore.
State Bank of India’s market capitalisation (mcap) climbed Rs 22,311.55 crore to Rs 7,71,087.17 crore and that of ICICI Bank rallied Rs 19,821.33 crore to Rs 9,37,545.57 crore.
Laggards On Stock Market
However, Bharti Airtel’s valuation eroded Rs 16,720.1 crore to Rs 9,10,005.80 crore. The mcap of ITC declined Rs 7,256.27 crore to Rs 5,89,572.01 crore. The market valuation of Hindustan Unilever went lower by Rs 2,843.01 crore to Rs 5,83,673.71 crore. The mcap of LIC dipped Rs 1,265 crore to Rs 6,21,937.02 crore.
(With inputs from PTI)