Big Boys Club Update: RIL’s M-Cap Erodes, ITC, Infy Witness Wealth Rally

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Big Boys Club Update: RIL’s M-Cap Erodes, ITC, Infy Witness Wealth Rally
Credit: © Reuters.

The domestic market indices ended sharply higher on Friday, thanks to buying across banking and financial, auto and select tech and FMCG stocks.

Benchmark indices Nifty50 closed 1.38% higher at 17,854.05 points and Sensex jumped 909.64 points or 1.52% on Friday.

The country’s top 10 most-valued companies added a whopping Rs 1.88 lakh crore to their combined market valuation last week, with the cigarettes-to-hotels conglomerate giant ITC Ltd (NS: ITC ) witnessing the sharpest wealth surge, followed by the IT behemoth Infosys (NS: INFY ).

Read Also: ITC Announces Interim Dividend for FY23: Amount, Record, Payment Dates?

India’s most-valued company, the oil-to-telecom conglomerate firm Reliance Industries (NS: RELI ) took the biggest hit to its wealth and was the only biggie in the top 10 club that witnessed a wealth erosion in the Feb 3-ended week.

Here’s how the m-caps of giants of the elite Big Boys club performed last week.

  • ITC’s valuation rallied by Rs 43,321.81 crore.
  • Infosys’ wealth soared by Rs 34,043.38 crore.
  • ICICI Bank’s (NS: ICBK ) m-cap jumped by Rs 32,239.66 crore.
  • TCS’ (NS: TCS ) valuation surged by Rs 26,143.92 crore.
  • HDFC Bank (NS: HDBK ) added Rs 23,900.84 crore to its kitty.
  • Bharti Airtel 's (NS: BRTI ) m-cap zoomed by Rs 10,432.23 crore.
  • Hindustan Unilever 's (NS: HLL ) m-cap rose by Rs 7,988.61 crore.
  • HDFC’s (NS: HDFC ) wealth advanced by Rs 6,503.28 crore.
  • SBI (NS: SBI ) added Rs 3,792.96 crore to its wealth.
  • RIL’s valuation tanked by Rs 5,885.97 crore.

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