Last week, the overall market worth of seven of the ten most respected companies was increased by ₹1,16,048.1 crores, with HDFC Bank leading the way.
The combined market valuation of seven of the ten most valued firms jumped by ₹1,16,048.1 crore last week, with HDFC Bank emerging as the biggest gainer. HDFC (Housing Development Finance Corporation) is a popular Indian housing financial institution, mainly providing home loans to middle and low-class citizens to buy houses and builders for building projects.
Its main objective is to amplify the residential housing stock by systematically providing Housing Finance and enhancing homeownership within the nation.While Infosys, HUL, ICICI Bank, HDFC, SBI, and Kotak Mahindra Bank were the other winners from the top-10 list, Reliance Industries, TCS and Life Insurance Corporation (LIC) emerged as the straggler.The market valuation of HDFC Bank leaped from ₹39,358.5 crores to reach ₹7,72,514.65 crore.
Kotak Mahindra Bank’s valuation increased from ₹23,230.8 crores to ₹3,86,264.80 crore while HDFC raised from ₹23,141.7 crores to ₹4,22,654.38 crore.
The market capitalization (m-cap) of ICICI Bank elevated by ₹21,047.06 crores to ₹5,14,298.92 crore and that of the State bank of India (SBI) climbed from ₹5,801 crores to ₹4,18,564.28 crore.
Infosys added ₹2,341.24 crores, taking its valuation to ₹6,14,644.50 crore.
The market valuation of Hindustan Unilever Ltd (HUL) raised from ₹1,127.8 crore to ₹5,47,525.25 crore.In contrast, Reliance Industries’ market valuation tumbled ₹31,761.77 crores to square at ₹17,42,128.01 crore.The market capitalization of Tata Consultancy Services (TCS) tanked from ₹11,599.19 crores to ₹11,93,655.74 crores and that of LIC fell by ₹2,972.75 crore to ₹5,19,630.19 crore.
Last week, the Sensex ascended 558.27 points or 1.02 percent.
In the ranking of top-10 firms, Reliance Industries remained the foremost valued domestic company, followed by TCS, HDFC Bank, Infosys, HUL, LIC, ICICI Bank, HDFC, SBI, and Kotak Mahindra Bank.