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Eight of top-10 Indian firms add over ₹1 trillion in m-cap, Reliance tops the list
Feb. 16, 2020

Eight of the 10 most valued Indian companies together added a whopping 1.09 trillion to their market capitalisation last week, with market heavyweight Reliance Industries Limited (RIL) leading the list.

Tata Consultancy Services (TCS), HUL, ICICI Bank, Bharti Airtel and Bajaj Finance were among the other gainers. HDFC Bank and HDFC were the only ones in the top-10 list to witness a drop in their market capitalisation (m-cap) for the week ended Friday.

Reliance Industries valuation zoomed 33,534.56 crore to reach 9,42,422.58 crore.

The market cap of Hindustan Unilever Limited (HUL) climbed 20,619.84 crore to 4,88,132.65 crore and that of TCS jumped 17,673.73 crore to 8,19,445.77 crore.

Bharti Airtel's valuation advanced 13,911.68 crore to 3,08,293.55 crore and that of Bajaj Finance rose 8,014.92 crore to 2,87,802.92 crore.

The m-cap of ICICI Bank swelled by 6,138.65 crore to 3,53,225.18 crore and that of Kotak Mahindra Bank went up by 5,666.73 crore to 3,21,586.80 crore.

Infosys added 3,832.8 crore to its m-cap to stand at 3,34,816.02 crore.

In contrast, the market cap of HDFC Bank tumbled 12,409.1 crore to 6,67,982.74 crore.