This is the power of Mukesh Ambani, RIL earned Rs 20 thousand crores in the falling market.

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Mukesh Ambani

The strength of Mukesh Ambani and his company Reliance Industries can be gauged from the fact that last week they have made huge profits even in the falling stock market. The special thing is that out of the top 10 companies of the country, there has been a decline in the market cap of 8 companies. Whereas an increase in the market cap of two companies has been seen. In which the market cap of Reliance Industries has seen an increase of more than Rs 20 thousand crores. Whereas the market cap of the country’s largest infra company L&T has seen an increase.

According to the information, last week the combined market cap of eight of the top 10 most valuable domestic companies declined by Rs 79,129.21 crore, in which Bajaj Finance and ICICI Bank suffered the biggest loss. This decline was recorded amidst the widespread bearish trend in the stock market. Last week, the BSE benchmark index declined by 444.71 points or 0.51 percent. Let us also tell you how much increase and how much decline has been seen in the valuation of which company.

Valuation of top 10 companies of the country

  1. The market capitalization (MCAP) of the country’s top NBFC company Bajaj Finance declined by Rs 19,289.7 crore to Rs 6,33,106.69 crore.
  2. The valuation of ICICI Bank, the country’s second largest private lender, declined by Rs 18,516.31 crore to Rs 9,76,668.15 crore.
  3. The market capitalization of Bharti Airtel, one of the country’s top telecom companies, declined by Rs 13,884.63 crore to Rs 11,87,948.11 crore.
  4. State Bank of India, the country’s largest government lender, lost Rs 7,846.02 crore to Rs 8,88,816.17 crore.
  5. The market capitalization of Infosys, one of the country’s largest IT companies, declined by Rs 7,145.95 crore and reached Rs 6,64,220.58 crore.
  6. The market capitalization of the country’s largest IT company TCS declined by Rs 6,783.92 crore to Rs 11,65,078.45 crore.
  7. HDFC Bank, the country’s largest private lender, declined by Rs 4,460.93 crore to Rs 15,38,558.71 crore.
  8. The valuation of the country’s largest insurance company LIC declined by Rs 1,201.75 crore to Rs 5,48,820.05 crore.
  9. On the other hand, the market cap of the country’s largest company Reliance Industries increased by Rs 20,434.03 crore to Rs 21,05,652.74 crore.
  10. The market cap of the country’s largest infra company Larsen & Toubro increased by Rs 4,910.82 crore to Rs 5,60,370.38 crore.

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