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Top 8 Firms Add Rs 1.87 Lakh Crore in Market Cap During Bullish Week

Eight of India's top ten most valued companies collectively added a massive Rs 1.87 lakh crore to their market valuation in a holiday-shortened week, driven by positive broader market momentum. Bharti Airtel led the surge with the sharpest increase of over Rs 58,800 crore, followed by strong gains from LIC, TCS, and Reliance Industries. However, HDFC Bank and Bajaj Finance bucked the trend, seeing their market capitalisation decline during the same period. Despite this, Reliance Industries retained its crown as the country's most valued firm, with HDFC Bank and Bharti Airtel completing the top three.

Key Points: Top Indian Firms Gain Rs 1.87 Lakh Crore in Market Value

  • Bharti Airtel leads gains
  • LIC & TCS post strong growth
  • Reliance remains most valued firm
  • HDFC Bank sees valuation dip
2 min read

Top 8 firms add Rs 1.87 lakh crore in market value last week

Bharti Airtel, LIC, TCS lead as eight of India's top 10 firms see massive Rs 1.87 lakh crore surge in market valuation last week.

"Bharti Airtel recorded the sharpest increase in valuation, adding Rs 58,831.52 crore - Report"

New Delhi, April 19

The combined market valuation of eight of India's top 10 most valued companies surged by Rs 1.87 lakh crore in a holiday-shortened week.

The positive momentum in the broader market saw the Sensex rise by 943.29 points, or 1.21 per cent, while the Nifty advanced 302.95 points, or 1.25 per cent, during the week.

Among individual stocks, Bharti Airtel recorded the sharpest increase in valuation, adding Rs 58,831.52 crore to take its total market capitalisation to Rs 11,25,125.21 crore.

Life Insurance Corporation of India also posted strong gains, with its valuation climbing Rs 27,608.62 crore to Rs 5,32,691.31 crore.

Tata Consultancy Services saw its market capitalisation rise by Rs 20,731.64 crore to Rs 9,34,063.56 crore, while Reliance Industries added Rs 20,231.05 crore, taking its valuation to Rs 18,47,317.84 crore.

Engineering major Larsen & Toubro also gained significantly, with its mcap increasing by Rs 18,577.91 crore to Rs 5,63,314.50 crore.

In the banking space, ICICI Bank witnessed a rise of Rs 18,266.82 crore, pushing its valuation to Rs 9,65,008.67 crore, while State Bank of India added Rs 12,599.79 crore to reach Rs 9,97,229.77 crore.

The valuation of Infosys also moved higher by Rs 10,650.1 crore to Rs 5,34,774.50 crore.

However, not all companies ended the week on a positive note. HDFC Bank saw its market capitalisation decline by Rs 16,163.04 crore to Rs 12,31,315.53 crore, while Bajaj Finance lost Rs 9,769.3 crore, bringing its valuation down to Rs 5,65,437.17 crore.

Despite the mixed trend, Reliance Industries retained its position as India's most valued company, followed by HDFC Bank and Bharti Airtel.

State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys, and LIC comprise the others in the list of the top-10 most valued firms.

- IANS

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Reader Comments

P
Priya S
While the gains are impressive, I hope this wealth creation trickles down to the common man. The stock market boom feels disconnected from ground realities sometimes. Still, good to see LIC performing well - it's a people's company.
R
Rohit P
Reliance staying at the top as always! Ambani sir's vision is unmatched. Also great to see SBI and ICICI Bank in the top 10 - our public and private sector banks working together to fuel growth. 💪
M
Michael C
As an investor watching the Indian market from abroad, this consistency is promising. The diversity in sectors – telecom, IT, banking, insurance, infra – shows a balanced and resilient economy. HDFC Bank's dip might be a buying opportunity.
S
Shreya B
So much wealth created in just one week! Makes me wish I had invested more during the last dip. Bharti Airtel's jump is huge – 5G rollout paying off big time. Time to review my portfolio this weekend.
K
Karthik V
Solid performance across the board. L&T gaining shows infrastructure push is working. Only concern is HDFC Bank and Bajaj Finance losing value – hope it's temporary. Overall, market sentiment seems bullish for the coming quarters.

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