• Sun. Dec 3rd, 2023

RIL’s M-Cap Skyrockets to Rs 69,991 Crore, Banking Giant’s Wealth Plunges

RIL’s M-Cap Skyrockets to Rs 69,991 Crore, Banking Giant’s Wealth Plunges

By Malvika Gurung

Investing.com — The market value of India’s 10 most valuable companies rose by Rs 2,03,010.73 crore last week as the domestic market witnessed a strong performance as Indian equity indices closed at record highs on Friday.

India’s most valuable company by market capitalization Reliance Industries (NS:) added the largest share of wealth to its kitty in the week ended July 14, followed by the country’s largest IT services provider Tata Consultancy Services (NS:).

On the other hand, the country’s largest private sector bank HDFC Bank ( NS: ) took the biggest hit in market value this week, followed by public sector lender State Bank of India ( NS: ).

While six companies witnessed a surge in their fortunes last week, four market heavyweights lost Rs 29,707.61 crore from their market capitalization last week, mainly led by banking.

Indian equity benchmark indices rose 1.2 percent each last week.

Here’s how the giants of the elite big boys club performed last week.

  • RIL’s m-cap rose by Rs 69,990.57 crore.
  • TCS’s (NS:) kitty rose to Rs 68,168.12 crore.
  • Infosys’s (NS:) wealth rose by Rs 39,094.81 crore.
  • Bharti Airtel’s (NS:) market capitalization rose by Rs 10,272.84 crore.
  • ICICI Bank’s (NS:) value increased by Rs 10,135.42 crore.
  • ITC’s (NS:) wealth rose by Rs 5,348.97 crore.
  • HDFC Bank’s market cap fell by Rs 8,695.25 crore.
  • A decline of Rs 8,299.89 crore was recorded in SBI’s assets.
  • Bajaj Finance ( NS: ) saw an increase in value of Rs 8,130.77 crore.
  • Hindustan Unilever’s ( NS: ) assets fell by Rs 4,581.7 crore.

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