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Mcap of five of top-10 most valued firms erode by 1.67 lakh crore; HDFC Bank biggest laggard

Mcap of five of top-10 most valued firms erode by ₹1.67 lakh crore; HDFC Bank biggest laggard

Updated on: Jan 21, 2024, 10:16:40 IST
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Last week, the 30-share BSE benchmark fell by 1,144.8 points 1.57 per cent. The NSE and BSE conducted normal trading sessions on January 20.

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HT Image

While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever and State Bank of India faced erosion in their valuation, ICICI Bank, Infosys, Bharti Airtel, Life Insurance Corporation of India (LIC) and ITC were the gainers in the top-10 pack.

The market valuation of HDFC Bank eroded by 1,22,163.07 crore to 11,22,662.76 crore.

Shares of HDFC Bank fell for the third day in a row on Friday, tumbling over 12 per cent, as investors deserted the counter after the company's December quarter earnings failed to impress the market. HDFC Bank shares bounced back on Saturday, climbing 0.54 per cent.

Reliance Industries valuation fell by 18,199.35 crore to 18,35,665.82 crore.

Hindustan Unilever's market valuation diminished by 17,845.15 crore to 5,80,184.57 crore and that of TCS declined by 7,720.6 crore to 14,12,613.37 crore.

The market capitalisation (mcap) of State Bank of India dipped 2,008.04 crore to 5,63,589.24 crore.

However, the mcap of LIC jumped 67,456.1 crore to reach 5,92,019.78 crore.

Bharti Airtel added 26,380.94 crore taking its market valuation to 6,31,679.96 crore.

The mcap of Infosys climbed 15,170.75 crore to 6,84,305.90 crore and that of ICICI Bank rallied 3,163.72 crore to 7,07,373.79 crore.

ITC's valuation climbed 2,058.48 crore to 5,84,170.38 crore.

Reliance Industries continued to rule the top-10 most valued firms ranking chart followed by TCS, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, LIC, ITC, Hindustan Unilever and State Bank of India.

 
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