4 of India’s 10 most valued businesses have added a massive Rs. 65,464 crores to their market valuation over the past week. Out of these 10 companies, telecom giant Bharti Airtel and State Bank of India have been frontrunners. These two giants have emerged to be the biggest winners over the last trading week.
As a consequence, the Bombay Stock Exchange climbed 710 points or 1.21% in the past week. Let’s take a close look into this matter.
The following Indian businesses were included in the list of the top 10 most valued companies in India:
Of them, Bharti Airtel, SBI, Tata Consultancy Services, and HDFC Bank have been the winners. The rest of the businesses have, however, lagged behind.
Take a look at how the market cap of each of these businesses fared during the last week of trading.
Bharti Airtel has added Rs. 22,984.14 crores to its market capitalisation. Consequently, the telecom operator’s market valuation reached Rs. 3,99,901.97 crores. SBI, on the other hand, added Rs. 19,500.28 crores, which took its m-cap to Rs. 4,05,221.99 crores.
HDFC Bank’s market capitalization also increased by Rs. 8,664.66 crores. This propelled the private sector bank’s m-cap to Rs. 8,76,597.86 crores. TCS’s valuation also climbed Rs. 14,315.33 crores to reach Rs. 14,16,903.13 crores.
The rest of the 6 businesses suffered a loss in terms of their market valuation over the previous week. HDFC’s market valuation dropped Rs. 576.19 crores to settle at Rs. 5,10,550.29 crores. Reliance Industries m-cap also plummeted Rs. 22,219.75 crores to reach Rs. 15,15,380.48 crores. Infosys lost Rs. 212.1 crores making its market valuation sink to Rs. 7,17,427.09 crores.
Moreover, ICICI Bank’s market cap tanked to Rs. 4,99,176.68 crores after it lost Rs. 42.29 crores. Bajaj Finance saw a dip of Rs. 90.54 crores which pushed its valuation down to Rs. 4,48,292.54 crores.
However, if the 10 firms are ranked in terms of the size of their market cap, Reliance Industries Limited would top the list, while Bharti Airtel would be at the bottom. Here’s a list of the 10 aforementioned businesses a per their market valuation:
Indeed, the jump in the market capitalization of the 4 businesses pushed both benchmarks up by a significant proportion.
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Sensex touched a record high of 59,000 on Thursday for the first time in reaction to this news.
6 of the companies lost a total of Rs. 43,746.79 crores in their valuation.
The 30-share BSE benchmark jumped by 710 points last week.
Published on: Sep 22, 2021, 12:01 AM IST
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