Eight of 10 most valued companies add Rs 1.57 lakh crore in m-cap; RIL shines

INSUBCONTINENT EXCLUSIVE:
New Delhi: Eight of the top 10 valued companies added Rs 1,57,270.8 crore to their total market valuation last week, led by Reliance
Industries which gained Rs 31,981 crore, according to market data. Only two companies, Tata Consultancy Services (TCS) and Infosys, took a
hit in their market capitalisation (m-cap) for the week ended on Friday. The m-cap of RIL zoomed Rs 31,981.45 crore to Rs 9,08,888.02 crore,
emerging as the biggest gainer among the top-10 firms. HDFC Bank's valuation jumped Rs 23,503.35 crore to Rs 6,80,391.85 crore and that of
m-cap at Rs 4,67,512.81 crore and SBI Rs 15,484.2 crore to Rs 2,86,033.80 crore. Likewise, Kotak Mahindra Bank's valuation moved up by Rs
573.46 crore to Rs 3,15,920.07 crore. In contrast, the market cap of TCS dropped Rs 10,656.8 crore to Rs 8,01,772.04 crore and that of
Infosys by Rs 1,296.88 crore to Rs 3,30,983.22 crore. In the ranking of top-10 firms, RIL stayed at number one rank followed by TCS, HDFC
Bank, HUL, HDFC, ICICI Bank, Infosys, Kotak Mahindra Bank, Bharti Airtel and State Bank of India (SBI). Last week, the Sensex surged
1,406.32 points or 3.53 per cent