By Malvika Gurung
Investing.com -- A majority of India’s top 10 most-valued companies witnessed their net cumulative market valuation soar by Rs 1,13,703.82 crore last week, as the market ended with stellar gains.
India’s most valued company by market capitalization Reliance Industries (NS:RELI) emerged as the top gainer in the June 16-ended week, along with the FMCG behemoth Hindustan Unilever (NS:HLL).
On the flip side, the country’s largest IT services provider Tata Consultancy Services (NS:TCS) took the biggest hit to its market valuation in the week, followed by the biggest public sector lender State Bank of India (NS:SBI).
While six companies witnessed their wealth rally in the past week, the remaining market heavyweights eroded a combined Rs 26,000.45 crore to their market valuations last week, led majorly by the banking pack.
Indian equity benchmark indices Nifty50 and Sensex ended the week with strong gains, rising 1.41% and 1.21%, respectively.
Here’s how the giants of the elite Big Boys club performed in the previous week.
-
RIL’s m-cap skyrocketed by Rs 63,259.05 crore.
-
HUL’s wealth soared by Rs 18,737.99 crore.
-
ITC’s (NS:ITC) m-cap rallied by Rs 18,331.3 crore.
-
Infosys (NS:INFY) added a whopping Rs 11,059.41 crore to its wealth.
-
Bharti Airtel (NS:BRTI) witnessed its valuation jumping by Rs 2,016.08 crore.
-
HDFC’s (NS:HDFC) m-cap added Rs 299.97 crore.
-
TCS’ valuation plummeted by Rs 12,879.86 crore.
-
SBI’s valuation dived by Rs 6,514.97 crore.
-
HDFC Bank’s (NS:HDBK) kitty plunged by Rs 4,722.95 crore.
-
ICICI Bank’s (NS:ICBK) valuation fell by Rs 1,882.67 crore.