In the week ended on Friday, the wealth of investors of 7 of the top 10 companies in the country increased by about Rs 87,966 crore. Actually, the market capitalization (marketcap) of these companies increased by Rs 87,966 crore last week combined.
Hindustan Unilever (HUL) and HDFC Bank benefited the most. In addition, Tata Consultancy Services (TCS), HDFC, Infosys, Kotak Mahindra Bank and ICICI Bank grew their market positions. However, Reliance Industries (RIL), ITC and State Bank of India (SBI) suffered losses.
The market valuation of Hindustan Unilever (HUL) rose by Rs 22,145.92 crore to Rs 3,98,290.92 crore. The market cap of HDFC Bank increased by Rs 18,264.93 crore to Rs 6,23,892.08 crore.
HDFC’s market capitalization increased by Rs 5,148.15 crore to Rs 3,81,619.34 crore. At the same time, the country’s largest IT company Tata Consultancy Services (TCS) grew by Rs 14,840.68 crore to Rs 8,42,635.51 crore.
The market capitalization of IT giant Infosys increased by Rs 6,335.19 crore to Rs 3,39,372.78 crore. At the same time, the market valuation of veteran private bank, ICICI Bank increased by Rs 6,237.72 crore to Rs 2,71,360.08 crore.
The market position of Reliance Industries (RIL) declined by Rs 14,072.8 crore to Rs 7,36,602.08 crore. ITC’s market capitalization declined by Rs 12,606.9 crore to Rs 3,12,146.38 crore.
Tata Consultancy Services has topped the rankings of the top ten companies. Reliance Industries continues to hold the second and HDFC Bank in the third position. Hindustan Unilever and HDFC are present on the fourth and fifth positions respectively.
ITC got the sixth position and Infosys got the seventh place. Kotak Mahindra Bank, ICICI Bank and State Bank of India are on the last three positions respectively. The Sensex had closed at the level of 37,581 last week.