M-cap of 4 of top-10 firms decline by Rs 23,417 cr; TCS biggest laggard

The combined market valuation of four of the top 10 most valued companies fell by Rs 23,417.15 crore last week, with IT majors Infosys and Tata Consultancy Services (TCS) taking the biggest hit.

Last week, the BSE benchmark advanced 540.9 points or 0.84 percent.

While Reliance Industries Ltd, TCS, Hindustan Unilever Ltd and Infosys faced erosion in their market capitalization (mcap), HDFC Bank, ICICI Bank, ITC, Bharti Airtel, State Bank of India and Bajaj Finance witnessed a combined addition of Rs 17,386.45 crore.

Infosys’ market valuation fell by Rs 8,465.09 crore to Rs 5,68,064.77 crore, the highest among the top 10 companies.

TCS’s mcap fell by Rs 6,604.59 crore to Rs 12,19,488.64 crore.

Hindustan Unilever’s mcap fell by Rs 5,133.85 crore to Rs 5,84,284.61 crore and that of Reliance Industries fell by Rs 3,213.62 crore to Rs 15,65,781.62 crore.

However, HDFC Bank’s valuation rose by Rs 5,236.31 crore to Rs 11,31,079.20 crore.

ICICI Bank added Rs 3,520.92 crore, taking its market valuation to Rs 6,57,563.38 crore.

ITC’s mcap climbed Rs 3,304.93 crore to reach Rs 5,44,004.63 crore.

Bharti Airtel’s valuation rose by Rs 2,669.67 crore to Rs 5,25,756.89 crore and that of Bajaj Finance rose by Rs 1,539.04 crore to Rs 4,51,143.08 crore.

State Bank of India added Rs 1,115.58 crore, taking its market value to Rs 5,17,092.02 crore.

In the ranking of top 10 companies, Reliance Industries retained the most esteemed title, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, Bharti Airtel, State Bank of India and Bajaj Finance.