Last week, the stock market was on the rise, and the Bombay Stock Exchange (BSE) benchmark recorded a rise of 500.65 points or 0.77 percent. During this period, the combined market capitalization (Top-10 Firms MCap) of seven companies out of the top-10 companies of BSE fell, while three companies made huge earnings for their shareholders. Last week, while SDFC Bank proved to be the most profitable company, the country’s most valuable company, Mukesh Ambani’s Reliance Industries Limited, gave a big shock to its investors.
Profit for three companies, loss for seven
The combined market valuation i.e. market capitalization of seven companies out of the top-10 valuable companies of the stock market was recorded lower by Rs 62,279.74 crore last week, in which the biggest loss was incurred by Reliance Industries Limited (RIL MCap). Has happened. Apart from this, if we talk about other companies facing losses, the list includes Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever (HUL), ITC, State Bank of India (SBI) and Bharti Airtel. ) Are included. HDFC Bank, Infosys, and Bajaj Finance were on the list to provide benefits to their shareholders.
HDFC Bank’s MCAP reached here
The market capitalization (HDFC Market Cap) of HDFC Bank, which proved to be a profitable deal for its shareholders, increased by Rs 10,917.11 crore in the last week and it jumped to Rs 11,92,752.19 crore. Along with HDFC Bank, the market value (Infosys MCap) of tech giant Infosys also increased to Rs 5,98,917.39 crore. In a week, Infosys made an earning of Rs 9,338.31 crore for its investors. Bajaj Finance was the last name in the list of earning companies last week and its market capitalization has registered an increase of Rs 6,562.1 crore, after which Bajaj Finance MCap has increased to Rs 4,43,350.96 crore.
Reliance investors lost Rs 38,000 crore
Meanwhile, if we talk about the companies causing losses to their investors, Reliance Industries Limited has been on top in this matter. Reliance Industries MCap decreased to Rs 16,32,577.99 crore. If seen in this way, Reliance investors lost Rs 38,495.79 crore in a week. Apart from this, the market cap (HUL MCap) of Hindustan Unilever decreased by Rs 14,649.7 crore to Rs 5,88,572.61 crore. Whereas the valuation of Bharti Airtel decreased by Rs 4,194.49 crore to Rs 4,84,267.42 crore.
Along with these companies, the market capitalization (ITC MCap) of ITC, included in the top-10, decreased by Rs 3,037.83 crore to Rs 5,50,214.07 crore, while the market capitalization (ICICI Bank MCap) of ICICI Bank decreased by Rs 898.8 crore to Rs 6,78,368.37 crore. Went. Apart from this, Tata Group’s TCS Market Cap declined by Rs 512.27 crore to Rs 12,36,466.64 crore, while the country’s largest bank State Bank of India’s MCap (SBI MCap) declined by Rs 490.86 crore to Rs 5. ,08,435.14 crores remained.
Reliance most valuable despite the decline
Even though there has been a big decline in the market capitalization of giants like Reliance and TCS in the last week, despite this loss, Mukesh Ambani’s Reliance Industries remained the most valuable company in the ranking of BSE TOP-10 companies. Reliance was followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel, and Bajaj Finance in the top-10 ranking.
(Note- Before making any investment in the stock market, take the advice of your market experts.)