Mcap of top-10 most valued firms surges ₹2.51 lakh crore; Bajaj Finance biggest winner | Stock Market News
The combined market capitalisation of nine of India's 10 most-valued companies rose by ₹2.51 lakh crore last week, led by Bajaj Finance, as domestic equity markets ended the week on a strong note.
During the week, the BSE Sensex gained 2,034.87 points (2.67%), while the NSE Nifty advanced 616.15 points (2.59%).
Among the top-10 firms, 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) registered gains, while Hindustan Unilever was the only company to witness a decline in market value.
Bajaj Finance recorded the biggest increase in valuation, with its market capitalisation rising ₹80,345.97 crore to ₹7,10,817.51 crore. The NBFC's shares surged more than 8% on Friday after it reported a 28% year-on-year increase in consolidated profit after tax (PAT) for the June quarter of FY27.
Bharti Airtel added ₹44,959.5 crore to its market value, taking its valuation to ₹12,30,005.63 crore.
The market capitalisation of TCS increased by ₹40,414.03 crore to ₹8,55,894.78 crore, while Reliance Industries added ₹39,447.35 crore, pushing its valuation to ₹17,69,108.79 crore.
Larsen & Toubro's valuation climbed ₹21,096.8 crore to ₹5,41,844.69 crore, while SBI's market capitalisation rose ₹10,845.97 crore to ₹9,47,799.81 crore.
HDFC Bank's market value increased by ₹8,164.73 crore to ₹11,52,150.63 crore.
Meanwhile, LIC's valuation grew by ₹4,427.49 crore to ₹5,37,435.05 crore, and ICICI Bank's market capitalisation edged up ₹1,660.37 crore to ₹10,29,878.30 crore.
In contrast, Hindustan Unilever's market capitalisation fell by ₹10,326.46 crore to ₹4,93,602.13 crore, making it the only laggard among the top-10 companies.
At the end of the week, Reliance Industries retained its position as India's most valuable listed company, followed by Bharti Airtel, HDFC Bank, ICICI Bank, SBI, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.
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