tcs: Mcap of 9 of the top 10 most valuable companies increased by Rs 2.26 lakh cr. Biggest gains for TCS, Infosys

The combined market valuation of nine of the top 10 companies rose by Rs 2.26 lakh crore last week, with Tata Consultancy Services (TCS) and Infosys being the biggest gainers amid the overall stock market bullish trend. Last week, the BSE benchmark rose 1,658.15 points, or 2.37 per cent.

The 30-share BSE Sensex surged 969.55 points, or 1.37 per cent, to close at an all-time high of 71,483.75 on Friday. It soared 1,091.56 points (1.54%) during the day, reaching an intraday high of 71,605.76.

The combined market value of nine companies, including Reliance Industries, TCS, ICICI Bank and Infosys, jumped to Rs 2,26,391.77 crore, with Bharti Airtel emerging as the only laggard in the top 10.

TCS’ market valuation rose from Rs 85,493.74 crore to Rs 14,12,412.13 crore, the highest among the top 10 companies.

Infosys added Rs 36,793.61 crore, taking its valuation to Rs 6,55,457.54 crore.

State Bank of India’s market valuation surged from Rs 30,700.67 crore to Rs 5,78,671.84 crore, while Reliance Industries’ market valuation rose by Rs 26,386.16 crore to Rs 16,88,173.26 crore.

The market capitalization (mcap) of ICICI Bank increased from Rs 18,493.9 crore to Rs 7,27,330.82 crore and that of Life Insurance Corporation of India (LIC) increased from Rs 14,294.5 crore to Rs 503,722.82 crore. ITC’s valuation increased from Rs 11,412.78 crore to Rs 5,71,636.39 crore and HDFC Bank’s valuation increased from Rs 2,428.72 crore to Rs 12,57,093.46 crore.

Hindustan Unilever Limited added Rs 387.69 crore, taking its valuation to Rs 5,92,801.88 crore.

However, the value of Bharti Airtel decreased from Rs 3,654.15 crore to Rs 5,58,242.75 crore.

Reliance Industries continued to retain its title as the most valuable company, followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, State Bank of India, ITC, Bharti Airtel and LIC.