Top-10 Firms Add Rs 2.05 Lakh Crore in Market Cap; Airtel, RIL Lead Gains
Eight of India’s top-10 most valued companies saw their combined market valuation surge by Rs 2,05,185 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest winners. This impressive rally came as domestic equity markets staged a strong rebound.
Key Takeaways
- Bharti Airtel and Reliance Industries were the top gainers, adding over Rs 55,000 crore each.
- Tata Consultancy Services and ICICI Bank also posted significant valuation increases.
- Only two companies – Bajaj Finance and LIC – saw their market cap decline during the week.
Market Performance
The BSE Sensex jumped 1,346.5 points (1.62%) while the NSE Nifty rose 417.75 points (1.64%) during the week, marking a firm recovery after recent weakness. The bullish sentiment drove substantial gains across most blue-chip stocks.
Biggest Gainers
Bharti Airtel led the pack with its market capitalisation surging by Rs 55,652.54 crore to reach Rs 11,96,700.84 crore. Reliance Industries followed closely, adding Rs 54,941.84 crore to hit Rs 20,55,379.61 crore.
Other significant gainers included:
- Tata Consultancy Services: Added Rs 40,757.75 crore (Rs 11,23,416.17 crore total)
- ICICI Bank: Gained Rs 20,834.35 crore (Rs 9,80,374.43 crore total)
- State Bank of India: Rose Rs 10,522.9 crore (Rs 8,92,923.79 crore total)
- Infosys: Advanced Rs 10,448.32 crore (Rs 6,24,198.80 crore total)
Other Notable Movers
HDFC Bank added Rs 9,149.13 crore to reach Rs 15,20,524.34 crore, while Hindustan Unilever saw a modest gain of Rs 2,878.25 crore, taking its valuation to Rs 5,70,187.06 crore.
The Losers
In contrast, Bajaj Finance witnessed a sharp decline of Rs 30,147.94 crore, bringing its market cap down to Rs 6,33,573.38 crore. Life Insurance Corporation of India also saw its valuation drop by Rs 9,266.12 crore to Rs 5,75,100.42 crore.
Top-10 Ranking
Reliance Industries maintained its position as India’s most valued company, followed by HDFC Bank, Bharti Airtel, Tata Consultancy Services, and ICICI Bank. The complete ranking stands: State Bank of India, Bajaj Finance, Infosys, Life Insurance Corporation of India, and Hindustan Unilever.
