Six of top ten companies lost Rs 96,642 crore in m-cap last week
Reliance Industries, Tata Consultancy Services, HDFC Bank, Hindustan Unilever Limited, HDFC and Kotak Mahindra Bank were among the top laggards
The top six most valued domestic firms witnessed a combined erosion of Rs 96,642.51 crore in their market capitalization last week, with Reliance Industries Limited taking the biggest hit. Along with Reliance Industries, Tata Consultancy Services, HDFC Bank, Hindustan Unilever Limited, HDFC and Kotak Mahindra Bank were among the laggards. On the contrary, Infosys, ICICI Bank, State Bank of India and Bajaj Finance were the top gainers. Last week, the 30-share BSE Sensex dipped 388.96 points or 0.73%.
Top gainers
Infosys’s m-cap rose by Rs 8,475.58 crore to Rs 6,85,819.28 crore, while ICICI Bank added Rs 4,210.38 crore to its valuation at Rs 4,72,849.46 crore. Bajaj Finance’s m-cap also increased by Rs 2,972.7 crore to Rs 3,75,972.88 crore and State Bank of India’s valuation rose by Rs 2,275.78 crore to Rs 3,85,275.48 crore.
Top losers
Reliance Industries’ (RIL) m-cap tumbled by Rs 44,249.32 crore to Rs 12,90,330.25 crore. While, Tata Consultancy Services (TCS) witnessed an erosion of Rs 16,479.28 crore to Rs 11,71,674.52 crore in its m-cap.
Kotak Mahindra Bank’s valuation fell by Rs 13,511.93 crore to Rs 3,28,122.93 crore, while HDFC Bank’s valuation fell by Rs 8,653.09 crore to reach Rs 7,88,769.58 crore. The country’s top private bank’s market capitalisation (m cap) declined by Rs 7,827.92 crore to Rs 4,40,738.35 crore. Also, Hindustan Unilever Limited’s (HUL) valuation fell by Rs 5,920.97 crore to Rs 5,48,405.78 crore.
In the top 10 table, Reliance Industries leads the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC, State Bank of India, Bajaj Finance and Kotak Mahindra Bank.
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