Three of the top five valued companies, led by Reliance Industries, added Rs 1,78,650.71 crore to their market valuation last week. Last week, the benchmark BSE Sensex rose 1,532.77 points, or 2.90 percent.
While Reliance Industries, HDFC Bank and Hindustan Unilever have benefited from the top five packs, Tata Consultancy Services and Infosys have lagged behind. The market value of Reliance Industries rose by Rs 1,31,320.8 crore to Rs 17,73,889.78 crore.
Hindustan Unilever added Rs 30,814.89 to its value of Rs 5,46,397.45 crore. HDFC Bank’s market value increased by Rs 16,515.02 crore to Rs 7,33,156.15 crore.
In contrast, the market capitalization (mcap) of Tata Consultancy Services fell by Rs 43,743.96 crore to Rs 12,05,254.93 crore. Infosys’s valuation fell by Rs 20,129.66 crore to Rs 6,12,303.26 crore.
In the ranking of the top five most valuable companies, Reliance Industries topped the charts, followed by Tata Consultancy Services, HDFC Bank, Infosys and Hindustan Unilever.
Meanwhile, LIC, the country’s largest insurer, made a weak start on Tuesday, listing the stock exchanges at more than 8 percent discount.
Life Insurance Corporation of India (LIC) on Tuesday ranked one of the 10 most valuable companies in its first business day. LIC is now ranked 6th in the list of top-10 most valuable companies in terms of market capitalization Its market value is Rs 5,22,602.94 crore.
ICICI Bank ranks 7th with a valuation of Rs 4,93,251.86 crore, followed by State Bank of India (Rs 4,12,763.28 crore), HDFC (Rs 3,99,512.68 crore) and Bharti Airtel (Rs 3,77,686.722 crore).