Big Boys Club’s Latest Figures: Adani Enterprises’ M-Cap Erodes, TCS Shines

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Big Boys Club’s Latest Figures: Adani Enterprises’ M-Cap Erodes, TCS Shines
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The domestic market opened the new week on a negative note, following weakness in Asian peers as protests in major Chinese cities against the country’s strict Covid-zero policies stoked concerns about the management of the virus in China while raising prospects of more economic disruption.

Further, a rising US dollar as investors strayed away from risk exerted pressure. INR opened lower at 81.77/$1. Benchmark indices Nifty50 and Sensex declined almost 0.45% each in the opening hours on Monday, while Nifty Bank slid over 0.5%.  

The country’s top 10 most valued companies added a whopping Rs 79,798.3 crore to their combined valuation last week. 

IT behemoths Tata Consultancy (NS: TCS ) Services and Infosys (NS: INFY ) witnessed the biggest additions to their wealth in the week, followed by the oil-to-telecom conglomerate and the country’s most-valued company Reliance Industries (NS: RELI ).

The flagship company of Adani (NS: APSE ) Group, Adani Enterprises (NS: ADEL ) was the only company to witness an erosion in valuation last week. 

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

  • TCS’ valuation jumped by Rs 17,215.83 crore.
  • Infosys’ m-cap rallied by Rs 15,946.6 crore.
  • RIL’s valuation zoomed by Rs 13,192.5 crore.
  • Hindustan Unilever (NS: HLL ) added Rs 12,535.07 crore to its m-cap.
  • ICICI Bank's (NS: ICBK ) m-cap surged by Rs 6,463.34 crore.
  • Bharti Airtel (NS: BRTI ) gained Rs 5,451.97 crore in its valuation.
  • State Bank Of India's (NS: SBI ) valuation gained Rs 4,283.81 crore.
  • HDFC (NS: HDFC ) added Rs 2,674.47 crore to its market capitalization.
  • HDFC Bank's (NS: HDBK ) m-cap advanced by Rs 2,034.73 crore.
  • Adani Enterprises’ (NS: ADEL ) valuation plunged by Rs 13,281.01 crore.

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