Image Source : ANI M-cap of eight of prime 10 most-valued companies tumbles over Rs 1.23 lakh cr
Eight of the highest 10 most-valued firms collectively witnessed an erosion of Rs 1,23,670.47 crore from market valuation final week, in-line with a bearish broader market pattern. During the final week, the BSE benchmark declined 654.54 factors or 1.26 p.c.
Only Reliance Industries (RIL) and State Bank of India (SBI) emerged as gainers from the highest 10 most-valued firms checklist.
Tata Consultancy Services was the most important laggard within the checklist as its market valuation tanked Rs 44,672.14 crore to Rs 11,52,770.11 crore.
The valuation of HDFC Bank tumbled Rs 23,964.99 crore to succeed in Rs 8,47,754.65 crore.
The market capitalisation (m-cap)of ICICI Bank sank Rs 16,146.38 crore to Rs 4,31,177.44 crore and that of Hindustan Unilever plunged Rs 14,273.56 crore to Rs 5,12,473.46 crore.
HDFC’s valuation declined Rs 9,408.05 crore to succeed in Rs 4,92,908.61 crore and that of Infosys dropped Rs 7,735.21 crore to Rs 5,50,100.64 crore.
The market capitalisation of Bajaj Finance went decrease by Rs 4,667.04 crore to Rs 3,31,365.79 crore and that of Kotak Mahindra Bank dipped Rs 2,803.1 crore to Rs 3,83,777.06 crore.
In distinction, RIL added Rs 24,914 crore to take its valuation to Rs 13,18,952.34 crore.
The valuation of SBI jumped Rs 5,488.63 crore to succeed in Rs 3,56,404.36 crore.
In the rating of prime 10 most-valued firms, RIL was main the chart adopted by TCS, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI and Bajaj Finance.
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