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