Five of the 10 most valuable domestic companies suffered a combined loss of Rs 1,07,160 crore at market valuation last week, with Reliance Industries Limited (RIL) losing as the biggest loser.
Tata Consultancy Services Ltd (TCS), HUL, Infosys Ltd and ICICI Bank Ltd were the other bluechip firms that saw their market capitalization (m-cap) decline last week. However, HDFC Bank, HDFC Limited, Bajaj Finance Limited and Bharti Airtel ended up with gains.
RIL’s valuation declined from Rs 69,378.51 crore to Rs 12,84,246.18 crore.
TCS’s M-cap declined from Rs 4,165.14 crore to Rs 9,97,984.24 crore and Hindustan Unilever Limited (HUL) by Rs 16,211.94 crore to Rs 4,98,88.94 crore.
Infosys market valuation declined by Rs 12,948.61 crore to Rs 4,69,834.44 crore and ICICI Bank by Rs 4,455.8 crore to Rs 3,31,315.58 crore.
On the other hand, HDFC Bank added Rs 18,827.94 crore to its valuation, which was Rs 7,72,853.69 crore.
HDFC’s valuation rose by Rs 3,938.48 crore to Rs 4,19,699.86 crore and Kotak Mahindra Bank rose by Rs 23,445.93 crore to Rs 3,73,947.2 crore.
The market valuation of Bajaj Finance increased from Rs 20,747.08 crore to Rs 2,84,285.64 crore and the market value of Bharti Airtel Limited rose by Rs 1,145.67 crore to Rs 2,63,776.2 crore.
RIL led the charts of top 10 valued companies, followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel Limited.