After reaching new heights in the stock market, the market caps of seven of the country’s 10 most valuable companies rose by a total of Rs 75,845.46 crore last week. The BSE Sensex had gained 895.44 points or 1.90 per cent in the previous week. HDFC and HDFC Bank were the biggest gainers. In addition to the two HDFCs, Tata Consultancy Services (TCS), Infosys, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance were the major gainers. On the other hand, Reliance Industries Ltd. (RIL), Hindustan Unilever Ltd. And the market capitalization (MCAP) of Indian Airtel has declined.
ICICI and HDFC bat
HDFC Bank’s market capitalization jumped by Rs 20,857.99 crore to Rs 4,62,586.41 crore, while HDFC Bank’s MCAP rose by Rs 15,393.9 crore to Rs 7,84,758.50 crore. The market capitalization of information technology company Infosys increased by Tk 10,251.38 crore to Tk 5,36,878.45 crore. ICICI Bank’s MCAP increased by Rs 9,609.3 crore to Rs 3,500,199.40 crore.
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Kotak Mahindra Bank and TCS have further strengthened
TCS has a market capitalization of Rs 7,410.96 crore and Rs 10,98,773.29 crore. Kotak Mahindra Bank’s MCAP increased by Tk 500.94 crore to Rs 3,99,914.98 crore, while Bajaj Finance’s market capitalization increased by Tk 5,620.99 crore to Tk 3,16,161.18 crore.
Reliance Industries and Bharti Airtel are shocked
On the other hand, Reliance Industries lost Rs 4,279.13 crore to Rs 12,59,741.96 crore and HL’s MCAP fell by Rs 2,948.69 crore to Rs 5,60,933.36 crore. Bharti Airtel’s market capitalization fell by Rs 1,063.83 crore to Rs 2,81,01.15 crore. Reliance Industries tops in terms of market capitalization. It is followed by TCS, HDFC Bank, HL, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj, Finance and Bharti Airtel respectively.