Financials News

Top 7 companies add Rs 45k cr to market valuation

Top 7 companies add Rs 45k cr to market valuation

New Delhi: The combined market valuation of seven of the top-10 most valued Indian companies rose by Rs 45,024.83 crore last week, with TCS leading the pack with maximum gain.

Barring HDFC Bank, Infosys and Sun Pharma, rest seven companies saw rise in their market valuation in the week ended Friday.

The m-cap of TCS surged Rs 16,443.22 crore to Rs 5,38,389.88 crore, emerging as the biggest gainer among the top-10 firms.

RIL’s valuation jumped Rs 6,615.62 crore to Rs 3,35,629.15 crore and that of ONGC zoomed Rs 6,245.5 crore to Rs 1,99,428.47 crore.

The m-cap of HDFC soared Rs 6,035.51 crore to Rs 2,18,100.84 crore and of CIL advanced by Rs 5,400.49 crore to Rs 2,13,461.53 crore.

ITC’s valuation went up by Rs 2,801.99 crore to Rs 3,06,552.87 crore and HUL added Rs 1,482.5 crore to Rs 2,01,415.52 crore.

On the other hand, Sun Pharma’s m-cap plunged Rs 9,759.14 crore to Rs 1,92,968.74 crore.

HDFC Bank lost Rs 5,241.9 crore to Rs 3,11,810.57 crore and Infosys (Rs 941.74 crore to Rs 2,44,234.13 crore).

In the ranking of top-10 firms, TCS retained its number one position followed by RIL, HDFC Bank, ITC, Infosys, HDFC, CIL, HUL, ONGC and Sun Pharma.

Over the last week, the Sensex rose by 74.05 points, or 0.26 per cent, posting its third straight weekly gain; while the Nifty shed 11 points, or 0.12 per cent.