Share Market of This Week The ups and downs in the stock market continued last week. Market valuation of 7 out of 10 most valuable companies declined by Rs 1 lakh crore in the last week. State Bank of India (SBI) suffered the most in this. Let us know in detail about this week’s top-10 firms.
Stock Market Investors Wealth: The combined market valuation of seven of the top 10 most valued companies declined by Rs 1,09,947.86 crore last week. State Bank of India has suffered the most in this. There has been a huge decline in the stock of the company. Last week, the BSE benchmark declined 438.95 points or 0.66 per cent.
Among the top-10 pack, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were laggards, while Tata Consultancy Services (TCS), HDFC Bank and Infosys saw market valuation gains.
Evaluation of Top-10 Firms
State Bank of India ‘s valuation declined by Rs 38,197.34 crore to Rs 5,11,603.38 crore. State Bank of India shares fell nearly 3 per cent on Friday after the company’s first quarter earnings failed to please investors. The market capitalization (MCap) of ICICI Bank declined by Rs 17,201.84 crore to Rs 6,79,293.90 crore.
ITC’s valuation declined by Rs 16,846.18 crore to Rs 5,66,886.01 crore and Bajaj Finance declined by Rs 14,366.34 crore to Rs 4,32,932.18 crore. The mcap of Reliance Industries declined by Rs 11,806 crore to Rs 16,98,270.74 crore and that of Hindustan Unilever declined by Rs 9,069.42 crore to Rs 5,98,299.92 crore.
Bharti Airtel’s valuation declined by Rs 2,460.74 crore to Rs 4,97,908.56 crore. However, the mcap of TCS rose by Rs 31,815.45 crore to Rs 12,59,555.25 crore. Infosys added Rs 15,791.49 crore, taking its valuation to Rs 5,72,062.52 crore. The mcap of HDFC Bank rose by Rs 7,080.63 crore to Rs 12,47,403.26 crore.
Ranking of Top-10 Firms
Reliance Industries remains the most valuable company in the country. It was followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.