Saturday, March 2, 2024
Saturday, March 2, 2024
HomeBusinessMcap of top four valued companies rises by Rs 2.18 Lakh Cr;...

Mcap of top four valued companies rises by Rs 2.18 Lakh Cr; LIC and SBI lead the gainers

New Delhi: Four of the 10 most valued companies together added Rs 2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest gainers.

From the top 10 group, Reliance Industries, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and SBI were the winners. Together they amounted to Rs 2,18,598.29 crore in market capitalization. (Also Read: FPIs infused over Rs 15,000 Cr into debt market in February)

On the other hand, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Hindustan Unilever and ITC faced valuation erosion to the tune of Rs 1,06,631.39 crore. Last week, the BSE benchmark fell 490.14 points or 0.67 percent. (Also Read: Latest HDFC Bank FD Rates 2024: How Much Return Will You Get From Fixed Deposit? Check Here)

LIC’s market valuation increased from Rs 86,146.47 crore to Rs 6,83,637.38 crore. LIC share price on Monday rose nearly 6 per cent to touch the Rs 1,000 mark for the first time. SBI added Rs 65,908.26 crore, taking its valuation to Rs 6,46,365.02 crore.

TCS’s market valuation rose by Rs 61,435.47 crore to Rs 15,12,743.31 crore and Reliance’s advanced by Rs 5,108.09 crore to reach Rs 19,77,136.54 crore. TCS shares rose 4 per cent on Tuesday, taking its market valuation to over Rs 15 lakh crore.

However, HDFC Bank’s market capitalization (mcap) decreased by Rs 32,963.94 crore to Rs 10,65,808.71 crore. ITC’s valuation was reduced from Rs 30,698.62 crore to Rs 5,18,632.02 crore. Bharti Airtel’s Mcap fell by Rs 16,132.15 crore to Rs 6,31,044.50 crore and Infosys’ Mcap fell by Rs 10,044.09 crore to Rs 6,92,980.35 crore.

ICICI Bank’s valuation fell by Rs 9,779.06 crore to Rs 7,09,254.77 crore and Hindustan Unilever’s fell by Rs 7,013.53 crore to Rs 5,69,587.91 crore. In the ranking of the top 10 most valued companies, Reliance Industries continued to dominate the table, followed by TCS, HDFC Bank, ICICI Bank, Infosys, LIC, State Bank of India, Airtel, Hindustan Unilever and ITC.

Source link
I Am digital marketing enthusiast with a passion for helping businesses thrive in the online world. With a strong foundation in SEO, social media marketing, and content creation, I'm committed to driving impactful growth through innovative strategies.


Please enter your comment!
Please enter your name here

Most Popular

Recent Comments