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Six of top 10 most valued firms add Rs 86,684 cr in m-cap

Source: PTI
October 25, 2020 20:45 IST
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Six of the top 10 most valued Indian firms added a cumulative Rs 86,683.71 crore in market valuation last week, with HDFC twins emerging as the biggest gainers.

M-cap

Illustration: Uttam Ghosh/Rediff.com

On the top 10 chart, HDFC Bank, HDFC, ICICI Bank, Kotak Mahindra Bank, Bharti Airtel and HCL Technologies were gainers.

While, Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), Hindustan Unilever Ltd (HUL) and Infosys saw erosion in their market valuation.

 

HDFC Bank, India's biggest private sector lender, witnessed its valuation soar by Rs 20,198.59 crore to stand at Rs 6,80,092.72 crore.

Mortgage lender HDFC saw it market capitalisation (m-cap) rise by Rs 18,146.58 crore to Rs 3,70,132.82 crore, Bharti Airtel's valuation gained by Rs 17,894.22 crore to Rs 236,962.13 crore, ICICI Bank's m-cap zoomed by Rs 14,415.27 crore to reach Rs 287,490.70 crore and Kotak Mahindra Bank's market valuation advanced by Rs 9,204.18 crore to Rs 273,760.15 crore.

HCL Technologies gained Rs 6,824.87 crore to Rs 231,272.11 crore.

In contrast, the valuation of RIL diminished by Rs 42,567.02 crore to Rs 14,28,514.26 crore.

The market cap of TCS plunged by Rs 28,536.89 crore to Rs 10,08,059.39 crore and that of Infosys declined by Rs 2,385.23 crore to Rs 477,906.02 crore.

Hindustan Unilever's valuation dipped by Rs 1,574.2 crore to Rs 503,756.61 crore.

In the list of top 10 firms, RIL retained its number one rank followed by TCS, HDFC Bank, HUL, Infosys, HDFC, ICICI Bank, Kotak Mahindra Bank, Bharti Airtel and HCL Technologies.

On a weekly basis, the Sensex rallied 702.52 points or 1.75 per cent.

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