Big Boys Club Update: Reliance Takes Biggest Hit to M-Cap, ICICI Bank Follows

  • Stock Market News
Big Boys Club Update: Reliance Takes Biggest Hit to M-Cap, ICICI Bank Follows
Credit: © Reuters.

By Malvika Gurung -- A majority of India’s top 10 most-valued companies witnessed their net cumulative market valuation shed by Rs 65,656.36 crore last week, as the market ended on a flat note.

The country’s most valued company by market capitalization Reliance Industries (NS: RELI ) took the biggest hit to its market valuation in the June 2-ended week, followed by the country’s leading private lender ICICI Bank (NS: ICBK ).

While seven companies witnessed a wealth erosion last week, market heavyweights including Bharti Airtel (NS: BRTI ), Hindustan Unilever (NS: HLL ) and State Bank of India (NS: SBI ) added a combined Rs 26,650.34 crore to their market valuations in the past week.

Indian equity benchmark indices Nifty50 and Sensex ended the week with marginal gains, advancing 0.19% and 0.07%, respectively. 

Here’s how the giants of the elite Big Boys club performed in the previous week.

  • RIL’s m-cap nosedived by Rs 34,910.54 crore.

  • ICICI Bank’s valuation plummeted by Rs 9,355.65 crore.

  • Infosys’ (NS: INFY ) wealth tumbled by Rs 7,739.5 crore.

  • TCS’ (NS: TCS ) valuation plunged by Rs 7,684.01 crore.

  • HDFC Bank’s (NS: HDBK ) kitty dived by Rs 5,020.13 crore.

  • ITC’s (NS: ITC ) m-cap fell by Rs 621.4 crore to its valuation.

  • HDFC (NS: HDFC ) witnessed its valuation decline by Rs 325.12 crore.

  • Hindustan Unilever’s wealth surged by Rs 15,213.6 crore.

  • Bharti Airtel’s valuation jumped by Rs 10,231.92 crore.

  • SBI added Rs 1,204.82 crore to its kitty.

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