Reliance’s M-Cap Soars in Strong Week, TCS Follows; HDFC Twins’ Wealth Tumble

  • Investing.com
  • Stock Market News
Reliance’s M-Cap Soars in Strong Week, TCS Follows; HDFC Twins’ Wealth Tumble
Credit: © Reuters.

By Malvika Gurung

Investing.com -- A majority of the country’s top 10 most-valued companies witnessed their net cumulative market valuation spike by Rs 1,51,140.39 crore last week, as the market ended sharply higher.

India’s most valued company by market capitalization Reliance Industries (NS: RELI ) added the biggest chunk to its market valuation in the May 26-ended week, followed by the country’s largest IT company TCS (NS: TCS ).

While seven companies witnessed wealth added to their combined kitty last week, banking majors HDFC Bank (NS: HDBK ), ICICI Bank (NS: ICBK ) and financial heavyweight HDFC (NS: HDFC ) lost their valuations in a strong week.

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

  • RIL’s m-cap rallied by a whopping Rs 43,131.02 crore.
  • TCS’ wealth soared by Rs 39,243.32 crore.
  • ITC (NS: ITC ) added Rs 29,578.69 crore to its valuation.
  • Infosys’ (NS: INFY ) wealth surged by Rs 20,171.09 crore.
  • State Bank of India’s (NS: SBI ) kitty zoomed by Rs 9,638.58 crore.
  • Bharti Airtel’s (NS: BRTI ) valuation jumped by Rs 6,981.11 crore.
  • Hindustan Unilever’s (NS: HLL ) m-cap rose by Rs 2,396.58 crore.
  • HDFC Bank’s valuation plummeted by Rs 17,825.74 crore.
  • HDFC witnessed its wealth tumble by Rs 11,382.46 crore.
  • ICICI Bank’s m-cap eroded by Rs 2,642.52 crore.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles