Will the FPO fund infusion solve Vodafone Idea’s problems?
Will a capital infusion of Rs 45,000 crore be enough for Vodafone Idea? Will the capital investment plan help in the turnaround of the company? Should existing and new investors invest in FPO? Watch this video to know-
Market capitalisation of the eight of top-10 most valued companies surged Rs 2,32,800.35 crore during the last week, while the benchmark BSE Sensex rallied 1,293.48 points or 2.20%. Mukesh Ambani owned Reliance Industries (RIL) emerged as the top gainer in terms of market value followed by Tata Consultancy Services (TCS), HDFC Bank and Infosys.
The m-cap of RIL jumped Rs 93,823.76 crore to reach Rs 16,93,170.17 crore. Market valuation of TCS climbed Rs 76,200.46 crore during the week taking its m-cap to Rs 14,55,687.69 crore.
The valuation of Infosys jumped Rs 24,857.35 crore to Rs 7,31,107.12 crore and that of Bajaj Finance advanced Rs 12,913.91 crore to Rs 4,66,940.59 crore.
The m-cap of country’s largest private sector lender, HDFC Bank, jumped Rs 10,881.09 crore to Rs 8,87,210.54 crore.
M-cap of ICICI Bank stood at Rs 4,87,388.37 crore, up Rs 7,403.24 crore from the previous week.
The valuation of State Bank of India jumped Rs 5,310.14 crore to Rs 4,08,479.47 crore and that of HDFC gained Rs 1,410.4 crore to Rs 4,91,841.14 crore.
On the other hand, the valuation of Hindustan Unilever Limited dropped by Rs 14,614.46 crore to Rs 6,20,362.58 crore.
Uday Kotak led Kotak Mahindra Bank’s market valuation also declined Rs 11,697.38 crore to Rs 3,83,866.29 crore.
Reliance Industries was leading the chart of the top-10 most valued companies list followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Bajaj Finance, State Bank of India and Kotak Mahindra Bank.