New Delhi: With BSE benchmark climbing 819.41 points or 1.12 per cent last week, the valuation of India’s top valued companies zoomed significantly.
As per the stock market data, the combined market valuation of seven of the 10 most valued firms of the country increased Rs 67,259.99 crore. It may be noted that it was a holiday-shortened last week due as the BSE and NSE were closed on occasion of Holi (march 25) and Good Friday (March 29).
Mukesh Ambani-led Reliance Industries (RIL) emerged as the biggest gainer, amid an overall optimistic trend in equities. The valuation of RIl jumped Rs 45,262.59 crore to reach Rs 20,14,010.63 crore. RIL shares closed at Rs 2970.30 on March 28, 2024.
Market valuation of 7 most valued firms climbs Rs 67,259.99 cr
RIL continued to be ranked at the top of the most valued firms. It was followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, ITC and Hindustan Unilever.
India’s largest public sector lender, State Bank of India’s market valuation touched Rs 6,71,666.29 crore as it profited Rs 5,533.26 crore from the rally in the markets. SBO stock closed at Rs 752.95.
Meanwhile, Life Insurance Corporation of India (LIC), the insurance behemoth, registered a jump of Rs 5,218.12 crore with its valuation climbing to Rs 5,78,484.29 crore. LIC shares closed at Rs 917.
ICICI Bank, country’s second largest bank after HDFC Bank, became richer by Rs 4,132.67 crore with its market capitalisation rising to Rs 7,69,542.65 crore. ICICI bank share price closed at Rs 1096.05 on 28th March 2024.
HDFC’s market capitalisation shot up by Rs 4,029.69 crore to Rs 11,00,184.60 crore. Rs HDFC Bank share closed at Rs 1447. Meanwhile, the valuation of Hindustan Unilever (HUL) climbed to 5,32,946.04 crore as it reported Rs 2,819.51 crore jump. Hindustan Lever shares ended at Rs 2262.
ITC, which has diversified presence in FMCG, hotels, packaging, paperboards & Specialty Papers, Agri & IT businesses added Rs 264.15 crore, taking its mcap to Rs 5,35,032.74 crore. ITC share closed at Rs 429.
Tata Consultancy Services (TCS), India’s most valued IT firm, reported a decline of Rs 10,691.45 crore to Rs 14,05,102.38 crore, while another IT major, Infosys, valuation dropped to Rs 6,22,117.38 crore the stock was not able to gain from the rally in the stock market. TCS and Infosys share price ended at Rs 3882.10 and Rs 1495.25.
Bharti Airtel market cap slumped by Rs 3,817.18 crore to Rs 6,95,038.48 crore. The shares of telecom operator ended at Rs 1236.
