Trusted industries: Five of the top 10 companies add Rs 1.63 lakh cr in m-cap; RIL shines



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New Delhi: Five of the top 10 national companies added Rs 1.63,795.48 crore in market capitalization last week, with RIL accounting for the majority of earnings.

Tata Consultancy Services (TCS), HDFC Bank, Infosys and Kotak Mahindra Bank were the other companies in the Top 10 list that saw an increase in their market capitalization (m-cap) for the week ending Friday.

On the other hand, HUL, HDFC, Bharti Airtel, ITC and ICICI Bank ended with losses.

The market capitalization of Reliance Industries Ltd (RIL) increased Rs 1,21,904.63 crore to Rs 8,98,499.89 crore. The index heavyweight had soared more than 10 percent on April 22 after Facebook announced an investment of $ 5.7 billion (Rs 43.574 crore) to buy a 10 percent stake in Jio Platforms.

The HDFC Bank’s valuation increased by Rs 14,941.95 million to Rs 5.14,140.35 million and Infosys’ valuation advanced by Rs 12,351.08 million to Rs 2.80,369.48 million.

Kotak Mahindra Bank added Rs 10,282.58 crore to its valuation to settle at Rs 2.37,255.01 crore, while TCS earned Rs 4,315.24 crore to Rs 6,82,296.11 crore.

In contrast, the valuation of the ICICI Bank dropped Rs 26,571.92 crore to Rs 2,16,778.54 crore.

Hindustan Unilever Limited (HUL) market capitalization decreased by Rs 21,983.99 crore to Rs 4,94,212.28 crore and HDFC’s plunged Rs 17,502.34 crore to Rs 2,73,550.94 crore.

ITC’s valuation fell by Rs 9,956.71 crore to Rs 2.21,260.16 crore and Bharti Airtel’s was down Rs 4,309.89 crore to Rs 2.69,695.48 crore.

In the ranking of the top 10 companies, RIL maintained its number one position, followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank.

Over the past week, the benchmark index of 30 BSE Sensex shares declined 261.50 points, or 0.82 percent.



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