M cap of eight out of ten most valued cos zoom Rs 1.25 lakh cr; HDFC, TCS Lead Gainer

New Delhi: Eight of the top ten highest rated domestic companies, along with a bullish broader market trend, took a market valuation of 1.25,229.25 rupees over the past week, with HDFC, TCS and Bajaj Finance making the biggest gains.

Last week, the BSE benchmark rose by 861.68 points or 1.86 percent.

Only Reliance Industries Limited and Hindustan Unilever Limited saw their market valuations eroded, with eight companies including HDFC Bank and Infosys making profits.

The HDFC rating zoomed in at Rs 32,992.86 to Rs 4.46,174.05, making it the biggest winner.

Tata Consultancy Services (TCS) market capitalization increased by Rs 29,700.13 billion to Rs 10.74,157.65 billion.

Bajaj Finance added Rs 24,642.81 crore to its valuation to Rs 3,16,481.88 crore. HDFC Bank’s market capitalization increased by Rs 15,996.69 billion to Rs 7.77.119.60 billion and that of Infosys increased by Rs 11.376.62 billion to Rs. 5.06.777.66 billion.

Kotak Mahindra Bank added Rs 5,622.59 crore to raise its valuation to Rs 3,85,870.02 crore and Bharti Airtel posted a gain of Rs 3,573.39 crore to Rs 2,78,560.76 crore.

The valuation of ICICI Bank increased by Rs 1,324.16 billion to Rs. 3.56,853.67 billion.

In contrast, Hindustan Unilever Limited saw a decrease from Rs 9,868.14 billion to Rs 5,477,846.03 billion and the valuation of Reliance Industries Limited fell Rs 8,463.15 to Rs 12,62,975.08 billion .

Reliance Industries Limited (RIL) remained at the top of the list of most valued companies, followed by TCS, HDFC Bank, Hindustan Unilever Limited, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel.

Source