Top-10 Firms Add Rs 1.28 Lakh Crore in Market Value
Seven of India’s top-10 most valued companies saw their combined market valuation surge by Rs 1,28,281.52 crore last week, with Reliance Industries and Bharti Airtel leading the gains during a bullish equity market phase.
Key Takeaways
- Reliance Industries and Bharti Airtel were the biggest gainers, each adding over Rs 36,000 crore
- Infosys and TCS saw significant valuation jumps of Rs 17,490 crore and Rs 16,299 crore respectively
- Only three companies – Bajaj Finance, LIC and ICICI Bank – faced valuation erosion
The rally coincided with the BSE Sensex climbing 669.14 points or 0.79 percent during the week, reflecting positive investor sentiment across major sectors.
Major Gainers
Reliance Industries saw the highest absolute gain, with its market valuation jumping Rs 36,673 crore to reach Rs 20,92,052.61 crore, reinforcing its position as India’s most valuable company.
Bharti Airtel followed closely, adding Rs 36,579.01 crore to reach Rs 12,33,279.85 crore in market capitalisation.
The IT sector showed strong performance with Infosys gaining Rs 17,490.03 crore (Rs 6,41,688.83 crore total) and TCS adding Rs 16,299.49 crore (Rs 11,39,715.66 crore total).
Other notable gainers included HDFC Bank (up Rs 14,608.22 crore), State Bank of India (up Rs 4,846.08 crore), and Hindustan Unilever (up Rs 1,785.69 crore).
Companies Facing Decline
Despite the overall positive trend, three companies in the top-10 club saw valuation erosion:
- Bajaj Finance: Lost Rs 8,244.79 crore
- LIC: Declined by Rs 4,522.38 crore
- ICICI Bank: Dropped Rs 1,248.08 crore
Current Ranking
Reliance Industries maintained its position as India’s most valued company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC in the top-10 ranking.
