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By Malvika Gurung
Investing.com — The market valuations of three of India’s top 10 most-valued companies fell sharply by Rs 82,082.91 crore last week, as the domestic market ended lower for the fifth week in a row amid subdued global cues and weakness in domestic equities.
India’s most valued company by market capitalization Reliance Industries Ltd (NS:) took the biggest hit to its market valuation in the August 25-ended week, followed by the banking behemoths HDFC Bank (NS:) and State Bank of India’s (NS:).
On the flip side, the financial behemoth Bajaj Finance (NS:) turned out to be the top gainer in terms of valuation surge on the top 10 companies’ list last week, followed by the leading private sector lender ICICI Bank (NS:).
While three companies witnessed their wealth erode in the past week, seven market heavyweights added a combined whopping Rs 89,327.39 crore to their market capitalisations during the period.
Indian equity benchmark indices and dropped 0.23% and 0.1% respectively, last week.
Here’s how the giants of the elite Big Boys club performed in the previous week.
- RIL’s market capitalization plummeted by Rs 58,690.9 crore.
- HDFC Bank’s valuation plunged Rs 20,893.12 crore.
- SBI’s wealth was slashed by Rs 2,498.89 crore.
- Bajaj Finance witnessed its valuation rally by Rs 21,025.39 crore.
- ICICI Bank’s m-cap soared Rs 13,716.34 crore.
- Infosys’ (NS:) wealth propelled by Rs 13,199.82 crore.
- Bharti Airtel’s (NS:) kitty shot up by Rs 9,731.21 crore.
- Tata Consultancy Services’ (NS:) valuation surged by Rs 4,738.47 crore.
- Hindustan Unilever’s (NS:) m-cap gained Rs 2,972.23 crore.
- ITC’s (NS:) added Rs 2,430.64 crore to its wealth.
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