Top-10 Firms’ Market Valuation Jumps ₹88,085.89 Crore; HDFC Bank, TCS Leads the Gain

The combined market valuation of eight of the top-10 most-valuable companies surged by ₹88,085.89 crore last week, driven by positive trends in the equity market.

The BSE benchmark index rose by 509.41 points, or 0.66%, signalling renewed investor confidence, with HDFC Bank emerging as the top gainer.

HDFC Bank, TCS, SBI Among the Major Gain Makers

HDFC Bank led the pack with a remarkable increase of ₹44,933.62 crore, raising its market capitalisation to ₹13,99,208.73 crore. It was followed by the State Bank of India (SBI), whose market valuation jumped ₹16,599.79 crore to ₹6,88,623.68 crore.

Tata Consultancy Services (TCS) added ₹9,063.31 crore to its market cap, reaching ₹13,04,121.56 crore, while ICICI Bank saw an uptick of ₹5,140.15 crore, bringing its valuation to ₹9,52,768.61 crore.

Other gainers included ITC, which added ₹5,032.59 crore, pushing its valuation to ₹5,12,828.63 crore, and Hindustan Unilever, which saw a rise of ₹2,796.01 crore, reaching ₹5,30,854.90 crore.

Bharti Airtel gained ₹2,651.48 crore, reaching ₹9,87,005.92 crore, and Bajaj Finance increased by ₹1,868.94 crore, taking its market valuation to ₹5,54,715.12 crore.

Infosys and Reliance Industries See Market Value Erosion

On the flip side, two companies from the top-10 pack witnessed a decline in market capitalisation. Infosys saw a dip of ₹9,135.89 crore, reducing its market value to ₹6,52,228.49 crore, while Reliance Industries‘ valuation decreased by ₹1,962.20 crore to ₹17,25,377.54 crore.

Reliance Retains Top Spot Amid Valuation Erosion

Despite the dip, Reliance Industries maintained its position as the most valuable company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Bajaj Finance, Hindustan Unilever, and ITC in the ranking of the top-10 firms.

Conclusion 

The market performance of the top-10 most-valuable firms last week reflects renewed investor confidence, driven by gains in major stocks like HDFC Bank and TCS.

Despite declines in Infosys and Reliance Industries, the overall market sentiment remains positive, with many companies experiencing significant valuation increases, highlighting strong growth potential in India’s equity market.

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