Market cap of seven of top-10 valued corporations jumps Rs 67,622 cr; ICICI, HDFC Bank lead gainers


New Delhi, August 23

Seven of the highest 10 valued home corporations added a complete Rs 67,622.08 crore to their market valuation final week, with HDFC Bank and ICICI Bank rising as lead gainers.

Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Limited (HUL), HDFC, Kotak Mahindra Bank, ICICI Bank and ITC have been the gainers whereas Reliance Industries Limited (RIL), Infosys and Bharti Airtel witnessed a decline of their market valuation.

The market capitalisation (m-cap) of HDFC Bank jumped by Rs 28,183.55 crore to Rs 5,97,051.15 crore.

ICICI Bank added Rs 21,839.67 crore to its valuation at Rs 2,55,929.73 crore whereas HUL’s m-cap rose by Rs 6,848.94 crore to Rs 5,17,641.12 crore.

The market capitalisation of Kotak Mahindra Bank elevated by Rs 6,241.25 crore to Rs 2,65,097.18 crore and that of HDFC went up by Rs 1,858.87 crore to Rs 3,22,872.98 crore.

TCS added Rs 2,157.62 crore in its valuation to Rs 8,43,611.13 crore. The market valuation of ITC rose by Rs 492.18 crore to Rs 2,42,280.13 crore.

In distinction, the market cap of Reliance Industries declined by Rs 20,507.97 crore to Rs 13,19,705.53 crore.

Bharti Airtel’s valuation dipped Rs 4,855.45 crore to Rs 2,83,688.98 crore and that of Infosys went decrease by Rs 1,972.11 crore to Rs 4,04,151.80 crore.

The 30-share BSE Sensex superior 557.38 factors or 1.47 per cent final week. –PTI



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