Market valuation of 6 most valued firms in India rises by ₹1.30 lakh crore; top gainers are…

State Bank of India and ICICI Bank emerged as the biggest gainers in line with an overall positive trend in equities.

Published on: Apr 28, 2024, 16:52:37 IST

By HT News Desk

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The combined market valuation of six of the top 10 most valued firms in India increased by ₹1,30,734.57 crore last week, reported news agency PTI. State Bank of India and ICICI Bank emerged as the biggest gainers in line with an overall positive trend in equities. Last week, the BSE benchmark advanced 641.83 points or 0.87 per cent.

As per the report, the valuation of the State Bank of India rallied ₹45,158.54 crore to ₹7,15,218.40 crore. (File photo)

The six of the top 10 Indian firms who gained, last week, in terms of market capitalization (mcap) are State Bank of India(SBI), ICICI Bank, Bharti Airtel, ITC, Life Insurance Corporation of India (LIC) and Infosys.

As per the report, the valuation of the State Bank of India rallied ₹45,158.54 crore to ₹7,15,218.40 crore. ICICI Bank's market valuation climbed by ₹28,726.33 crore to ₹7,77,750.22 crore.

Among the next top gainers in market valuation, Bharti Airtel added ₹20,747.99 crore to ₹7,51,406.35 crore, and ITC rose by ₹18,914.35 crore to ₹5,49,265.32 crore. Meanwhile, the market capitalisation (mcap) of Life Insurance Corporation of India (LIC) advanced by ₹9,487.5 crore to ₹6,24,941.40 crore, and that of Infosys increased by ₹7,699.86 crore to ₹5,93,636.31 crore.

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According to the report, the mcap of Reliance Industries decreased by ₹26,115.56 crore to ₹19,64,079.96 crore. The valuation of HDFC Bank dipped by ₹16,371.34 crore to ₹11,46,943.59 crore.

Among the other firms who suffered declines, market capitalisation of Tata Consultancy Services went lower by ₹5,282.41 crore to ₹13,79,522.50 crore, and that of Hindustan Unilever Limited diminished by ₹2,525.81 crore to ₹5,21,961.70 crore.

However, Reliance Industries has remained the most valued firm from the top-10 pack, followed by Tata Consultancy Services, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, ITC and Hindustan Unilever.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More