Damage to 8 legendary companies of the country including RIL, who drowned thousands of crores

by

Mukesh Ambani, chairman of Reliance Industries

The last week of August was a lot of damage to the stock market and veteran companies. Out of the top 10 companies listed in the stock market, about 2.25 lakh crore rupees of 8 companies were drowned. The biggest loss was to Reliance Industries, the country’s largest company and HDFC, the country’s largest private lender. If we look at the loss of both, more than 1.11 lakh crore rupees are being seen. Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance and Life Insurance Corporation of India (LIC) have also seen a decline.

On the other hand, two companies remained excellent, whose market has seen an increase. The biggest name of which is the country’s largest IT company TCS. At the same time, there has been an increase in the market cap of Hindustan Unilever, the country’s largest FMCG company, Hindustan Unilever. Both have benefited more than 18 thousand crore rupees. If we talk about the stock market, then the Sensex had seen a decline of about two percent. According to experts, next week, there can be a lot of ups and downs in the stock market. Let us also tell you how much benefit and loss has been done to which company of the country.

Which company has suffered in the top companies of the country

  1. The market capitalization (MCAP) of the country’s largest company Reliance Industries declined by Rs 70,707.17 crore to Rs 18,36,424.20 crore.
  2. The evaluation of the country’s largest private lender HDFC Bank declined by Rs 47,482.49 crore to Rs 14,60,863.90 crore.
  3. The market capitalization of the country’s second largest private lender ICICI Bank declined by Rs 27,135.23 crore to Rs 9,98,290.96 crore.
  4. At present, the market capitalization of Bharti Airtel, the country’s largest listed telecom company, declined by Rs 24,946.71 crore to Rs 10,77,213.23 crore.
  5. The evaluation of the country’s largest insurance company LIC has come down by Rs 23,655.49 crore to Rs 5,39,047.93 crore.
  6. At the same time, the evaluation of State Bank of India, the largest government lender of the country, declined by Rs 12,692.1 crore to Rs 7,40,618.60 crore.
  7. The market cap of Bajaj Finance has also seen a major decline and the company’s valuation has come down by Rs 10,471.08 crore to Rs 5,45,490.31 crore.
  8. At the same time, the market capitalization of the country’s large IT company Infosys suffered a lot due to which the company’s market cap declined by Rs 7,540.18 crore to Rs 6,10,463.94 crore.
  9. However, the country’s largest IT company TCS has seen an increase in market evaluation and the valuation increased by Rs 11,125.62 crore to Rs 11,15,962.91 crore.
  10. On the other hand, the market capitalization of Hindustan Unilever, the country’s largest FMCG company, has also increased, after which the valuation increased by Rs 7,318.98 crore to Rs 6,24,991.28 crore.

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