Nine of top-10 most-valued firms add Rs 2.51 lakh crore in market cap
Mumbai, Aug 2
Nine of India's 10 most-valued companies together added Rs 2.51 lakh crore in market capitalisation last week, driven by a strong rally in the domestic equity markets.
The gains came as benchmark indices ended the week on a strong note. The Sensex advanced 2,034.87 points, or 2.67 per cent, while the Nifty climbed 616.15 points, or 2.59 per cent.
Among the top-10 companies by market value, Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India (SBI), Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro (L&T) and Life Insurance Corporation of India (LIC) posted gains in their market valuations.
Hindustan Unilever was the only company in the top-10 pack to witness a decline.
Bajaj Finance recorded the sharpest rise in market capitalisation, with its valuation increasing by Rs 80,345.97 crore to Rs 7,10,817.51 crore.
The rally came after the non-banking financial company reported a 28 per cent year-on-year increase in consolidated profit after tax for the June quarter of FY27, prompting its shares to end more than 8 per cent higher on Friday.
Bharti Airtel's market valuation surged by Rs 44,959.5 crore to Rs 12,30,005.63 crore, while TCS added Rs 40,414.03 crore, taking its market capitalisation to Rs 8,55,894.78 crore.
Reliance Industries also registered a strong gain, with its valuation rising by Rs 39,447.35 crore to Rs 17,69,108.79 crore.
Larsen & Toubro's market capitalisation increased by Rs 21,096.8 crore to Rs 5,41,844.69 crore, while SBI added Rs 10,845.97 crore to reach Rs 9,47,799.81 crore.
HDFC Bank's valuation rose by Rs 8,164.73 crore to Rs 11,52,150.63 crore.
LIC's market capitalisation climbed by Rs 4,427.49 crore to Rs 5,37,435.05 crore, while ICICI Bank added Rs 1,660.37 crore, taking its valuation to Rs 10,29,878.30 crore.
In contrast, Hindustan Unilever's market capitalisation declined by Rs 10,326.46 crore to Rs 4,93,602.13 crore, making it the lone laggard among the country's 10 most-valued firms during the week.
At the end of the week, Reliance Industries retained its position as India's most-valued company, followed by Bharti Airtel, HDFC Bank, ICICI Bank, SBI, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever.
— IANS
Reader Comments
Reliance ka numbers dekh kar lagta hai Mukesh Ambani ka jadoo abhi bhi chal raha hai! 😄 But seriously, TCS aur Bajaj Finance ka growth impressive hai. India ka market ab global level pe compete kar raha hai.
Bas ek week mein 2.5 lakh crore add karna... yeh bubble hai ya phir real growth? Mujhe lagta hai fundamentals strong hain, especially Bajaj Finance ka 28% profit jump dekh ke toh confidence aa gaya. But always be cautious.
HUL ka decline dekh ke thoda sad hua, kyunki hamare ghar mein Surf Excel aur Dove toh hamesha use karte hain. But market ka koi bharosa nahi, FMCG sector abhi consolidation mein hai. Long-term investors ke liye achha entry point ho sakta hai.
Yeh sab theek hai, but retail investors ko apna homework karna chahiye. Index rally ka matlab yeh nahi ki har stock badhega. Mera experience kehta hai ki SIP mein disciplined rehna sabse zaroori hai. 📈
Banking stocks ka performance dekh kar khushi ho rahi hai! SBI aur HDFC Bank strong fundamentals pe chal rahe hain. India ka financial sector really robust hai. Lekin HUL ka dip remind karta hai ki koi bhi stock guaranteed nahi hai.
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