Eight of India’s ten most valuable companies saw a combined increase of ₹3.28 lakh crore in market valuation last week, according to a PTI report. Tata Consultancy Services (TCS), Hindustan Unilever (HUL), and Reliance Industries (RIL) were the top performers.
Market Leaders
Reliance Industries (RIL) remained the most valued company, followed by TCS, HDFC Bank, Bharti Airtel, and ICICI Bank. The State Bank of India (SBI), Infosys, Life Insurance Corporation of India (LIC), HUL, and ITC completed the top ten rankings.
Top Gainers
The big winners included RIL, TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, HUL, and ITC. Together, these companies saw their market valuations grow by ₹3,28,116.58 crore.
- TCS: The biggest gainer, TCS, saw its market value increase by ₹80,828.08 crore, reaching ₹14,08,485.29 crore.
- HUL: HUL added ₹58,258.11 crore, bringing its market value to ₹6,05,407.43 crore.
- RIL: RIL grew by ₹54,024.35 crore, reaching a total valuation of ₹19,88,741.47 crore.
- Infosys: Infosys gained ₹52,770.59 crore, with its market value reaching ₹6,36,630.87 crore.
- HDFC Bank: Increased by ₹32,241.67 crore to ₹11,96,325.52 crore.
- Bharti Airtel: Climbed by ₹32,080.61 crore to ₹8,10,416.01 crore.
- ITC: Surged by ₹16,167.71 crore to ₹5,48,204.12 crore.
- ICICI Bank: Rose by ₹1,745.46 crore to ₹7,88,975.17 crore.
The Laggards
SBI and LIC were the only companies among the top ten to see a decrease in market valuation.
- LIC: Its market value dropped by ₹12,080.75 crore to ₹6,28,451.77 crore.
- SBI: Decreased by ₹178.5 crore to ₹7,40,653.54 crore.
Market Performance
Last week, the BSE benchmark surged by 2,732.05 points or 3.69%. The 30-share BSE Sensex climbed 1,720.8 points or 2.29%, reaching an intra-day peak of 76,795.31 on Friday, June 7. The benchmark closed at a record high of 76,693.36, up 1,618.85 points or 2.16%.
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