The combined market capitalization (mcap) of eight out of the top ten most valued companies in India surged by nearly ₹1.72 lakh crore last week, supported by strong momentum in the domestic equities market. Reliance Industries Limited (RIL) emerged as the biggest gainer during the period.
Weekly Market Performance
The BSE benchmark gained 709.19 points (0.87%) last week, contributing to the overall rise in valuations across key blue-chip stocks.
Top Gainers of the Week
Out of the top 10 companies, Reliance Industries, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, Infosys, Hindustan Unilever (HUL), Life Insurance Corporation of India (LIC), and Bajaj Finance recorded growth in mcap.
- Reliance Industries added the most with a jump of ₹48,107.94 crore, taking its valuation to ₹19,07,131.37 crore.
- Hindustan Unilever (HUL) rose by ₹34,280.54 crore to ₹6,17,672.30 crore.
- Bharti Airtel gained ₹33,899.02 crore, pushing its valuation to ₹11,02,159.94 crore.
- Bajaj Finance advanced ₹20,413.95 crore to ₹5,55,961.39 crore.
- Infosys added ₹16,693.93 crore, reaching ₹6,18,004.12 crore.
- TCS rose by ₹11,487.42 crore to ₹11,04,837.29 crore.
- ICICI Bank gained ₹6,443.84 crore, taking its value to ₹10,25,426.19 crore.
- LIC inched up by ₹822.25 crore to ₹5,62,703.42 crore.
Decliners of the Week
In contrast, two major banks recorded declines:
- HDFC Bank lost ₹20,040.7 crore, slipping to ₹15,08,346.39 crore.
- State Bank of India (SBI) fell by ₹9,784.46 crore to ₹7,53,310.70 crore.
India’s Most Valued Companies (as of last week)
- 1️⃣ Reliance Industries
- 2️⃣ HDFC Bank
- 3️⃣ TCS
- 4️⃣ Bharti Airtel
- 5️⃣ ICICI Bank
- 6️⃣ State Bank of India
- 7️⃣ Infosys
- 8️⃣ Hindustan Unilever
- 9️⃣ Life Insurance Corporation of India (LIC)
- 🔟 Bajaj Finance
Reliance Industries retained its crown as India’s most valuable company by market capitalization, followed by HDFC Bank and TCS.
Disclaimer: This article is intended solely for informational and educational purposes for readers of Legal Parivar. It should not be interpreted as investment, legal, or financial advice. Readers are strongly encouraged to consult qualified professionals or financial advisors before making any investment decisions regarding upcoming IPOs or stock market-related instruments.
