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Seven of top-10 companies add Rs 1.76 lakh cr in m-cap; HDFC Bank shines

Seven of top-10 companies add Rs 1.76 lakh cr in m-cap; HDFC Bank shines
Seven of the ten most valued Indian companies added a whopping Rs 1,76,014.51 crore to their market capitalisation last week, with HDFC Bank emerging because the biggest gainer. RIL, ITC, HUL, HDFC, Kotak Mahindra Bank, and also ICICI Bank were the opposite winners within the top-10 list, whereas TCS, Bharti Airtel, and Infosys finished with losses for the week ended Friday. HDFC Bank’s valuation zoomed Rs 61,612.11 crore to succeed in Rs 5,21,660.14 crore.

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The market capitalization of ICICI Bank jumped Rs 26,487.04 crore to Rs 2,15,029.01 crore and that of HDFC rallied Rs 24,733.64 crore to Rs 2,87,407.32 crore. Reliance Industries Limited has added around Rs 21,300.4 crore to its market valuation to stand at Rs 9,28,849.39 crore.

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The valuation of Hindustan Unilever Limited (HUL) climbed Rs 16,093.85 crore to Rs 4,83,262.07 crore and that of ITC rose by Rs 13,644.38 crore to Rs 2,42,710.11 crore. Kotak Mahindra Bank has added Rs 12,143.09 crore and to its valuation to reach Rs 2,34,192.24 crore. In the contrast, Bharti Airtel’s valuation has tanked Rs 22,149.56 crore to Rs 3,01,364.99 crore and that of TCS fell Rs 17,786.3 crore to Rs 7,39,801.41 crore.

Infosys’ market cap has dipped by Rs 375.34 crore to Rs 2,94,453.42 crore. In the ranking of top-10 firms, RIL was at the number one spot, that followed by TCS, HDFC Bank, Infosys, HUL, Bharti Airtel, HDFC, ITC, Kotak Mahindra Bank and ICICI Bank as well.

Also read:-HUL says they don’t to fire or cut salaries of their employees as of now due to Covid-19