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Key Points

The combined market value of eight of India's top-10 most valued firms surged by Rs 1.69 lakh crore last week. Bajaj Finance emerged as the biggest gainer with a massive jump in its market capitalization. Infosys and TCS also saw substantial gains, adding over Rs 30,000 crore each. Only Hindustan Unilever and LIC saw their market valuations decline during this period.

Key Points: Top 8 Firms Add Rs 1.69 Lakh Crore Market Cap in Rally

  • Bajaj Finance market cap surged by Rs 40,788 crore to Rs 6.24 lakh crore
  • Infosys added Rs 33,737 crore reaching a valuation of Rs 6.33 lakh crore
  • TCS gained Rs 30,971 crore pushing its market cap to Rs 11.33 lakh crore
  • Hindustan Unilever and LIC were the only losers among the top 10 firms
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Mcap of 8 most valued firms jumps by Rs 1.69 lakh crore amid market rally

Bajaj Finance and Infosys lead as eight top firms gain Rs 1.69 lakh crore in market cap amid a strong rally, while HUL and LIC see declines.

"Bajaj Finance turned out to be the biggest gainer among them. – Article"

New Delhi, Sep 14

The combined market value of eight of the country’s top-10 most valuable companies increased by Rs 1.69 lakh crore last week, in line with the positive trend on Dalal Street.

During the week, the BSE benchmark rose by 1,193.94 points, or 1.47 per cent, boosting investor sentiment.

Bajaj Finance turned out to be the biggest gainer among them. Among the top companies, HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys and Bajaj Finance saw growth in their valuations, while Hindustan Unilever and LIC’s market cap eroded during the week.

Bajaj Finance’s market value jumped by Rs 40,788.38 crore to reach Rs 6.24 lakh crore. Infosys added Rs 33,736.83 crore, taking its valuation to Rs 6.33 lakh crore.

Tata Consultancy Services (TCS) gained Rs 30,970.83 crore, pushing its market capitalisation to Rs 11.33 lakh crore.

State Bank of India’s valuation climbed by Rs 15,092.06 crore to Rs 7.59 lakh crore, while ICICI Bank’s value rose by Rs 10,644.91 crore to Rs 10.12 lakh crore.

HDFC Bank saw a smaller rise of Rs 6,141.63 crore, taking its valuation to Rs 14.84 lakh crore. Bharti Airtel’s market value increased by Rs 4,390.62 crore to Rs 10.85 lakh crore.

On the other hand, Hindustan Unilever’s market capitalisation fell by Rs 12,429.34 crore to Rs 6.06 lakh crore, while Life Insurance Corporation of India (LIC) lost Rs 1,454.75 crore, slipping to Rs 5.53 lakh crore.

At the end of the week, HDFC Bank remained among the most valued company, followed by TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC.

Meanwhile, the combined market valuation of seven of the top 10 most valued firms jumped Rs 1,06,250.95 crore for the week ended September 7.

Bajaj Finance was the biggest gainers for the same week as the BSE benchmark jumped 901.11 points, or 1.12 per cent.

- IANS

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Reader Comments

P
Priya S
Good to see Indian companies performing well, but I'm concerned about HUL's decline. FMCG sector seems to be struggling with rural demand. Hope this is temporary.
A
Arjun K
TCS and Infosys adding over 60k crore combined shows IT sector resilience. As someone working in tech, this makes me optimistic about job stability and growth prospects.
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Sarah B
Interesting to see banking sector performance. SBI and ICICI showing strong numbers while HDFC had modest growth. Banking stocks might be good investment opportunity now.
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Vikram M
While the numbers look impressive, we should remember market cap gains don't always translate to real economic growth. Hope these companies are also creating jobs and investing in India's development.
M
Michael C
Bharti Airtel maintaining strong position shows telecom sector recovery. 5G rollout and digital India initiatives seem to be paying off. Good for overall digital infrastructure growth.

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