Top 10 Indian Companies Add Rs 1.13 Lakh Crore in Market Valuation, Bharti Airtel Steals the Show
Indian stock market sees mixed trends as top 10 companies add Rs 1.13 lakh crore in market cap. Bharti Airtel leads gains, while Reliance, LIC, and HUL face valuation declines.
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The Indian stock market showed contrasting movements last week, with five of the top 10 companies in terms of market capitalisation adding a significant Rs 1,13,117.17 crore to their total valuations. Bharti Airtel emerged as the standout performer, leading the surge in market cap, while others, including Reliance Industries, LIC, ITC, and Hindustan Unilever, witnessed declines in their valuations.
Among the notable gainers, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank, and Infosys saw their market caps rise. TCS, with a Rs 9,805 crore increase, reached a market capitalisation of Rs 16.18 lakh crore. HDFC Bank’s valuation grew by Rs 11,887 crore, standing at Rs 14.31 lakh crore, while ICICI Bank saw its valuation increase by Rs 11,760 crore, pushing it to Rs 9.49 lakh crore.
Infosys also contributed positively with a Rs 31,827 crore gain, lifting its market cap to Rs 8.30 lakh crore. Bharti Airtel topped the list with an impressive Rs 47,837 crore surge, bringing its market valuation to Rs 9.57 lakh crore.
However, not all companies in the top 10 fared as well. Reliance Industries, the most valuable company on the list, saw a substantial market cap decline of Rs 52,032 crore, falling to Rs 17.23 lakh crore. LIC also struggled, with a reduction of Rs 32,068 crore in its valuation, leaving its market cap at Rs 5.89 lakh crore. Hindustan Unilever faced a similar setback, losing Rs 22,251 crore, reducing its market cap to Rs 5.61 lakh crore. State Bank of India (SBI) and ITC also experienced slight drops, with SBI’s market valuation falling by Rs 2,053 crore and ITC’s by Rs 1,376 crore.
The broader market showed a modest overall positive trend, with the BSE benchmark rising by 623.07 points, or 0.76 per cent, and the Nifty gaining 90.5 points, or 0.36 per cent in the past week. Despite the mixed performance, the valuation of the top 10 companies remains closely watched, reflecting the overall health of the Indian stock market.
Currently, Reliance Industries holds the position of the most valued company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, LIC, ITC, and Hindustan Unilever.
