New Delhi, February 22: The combined market valuation of six of India’s top-10 most valued companies surged by ₹63,478.46 crore last week, with gains led by Larsen & Toubro and State Bank of India.
The rally came alongside a modest rise in the benchmark BSE Sensex, which advanced 187.95 points, or 0.22 percent, over the week.
Larsen & Toubro, SBI Post Strongest Valuation Gains
Among the top gainers, Larsen & Toubro recorded the sharpest increase in market capitalization. The company’s valuation climbed ₹28,523.31 crore to reach ₹6,02,552.24 crore.State Bank of India followed, adding ₹16,015.12 crore to take its total market value to ₹11,22,581.56 crore.
Financial Majors and Reliance Industries Also Advance
HDFC Bank saw its valuation rise by ₹9,617.56 crore to ₹14,03,239.48 crore.The market capitalization of Life Insurance Corporation of India edged up ₹5,977.12 crore to ₹5,52,203.92 crore.
Non-banking financial major Bajaj Finance added ₹3,142.36 crore, taking its mcap to ₹6,40,387 crore.
Meanwhile, Reliance Industries registered a marginal gain of ₹202.99 crore, pushing its total valuation to ₹19,21,678.78 crore.
Bharti Airtel, ICICI Bank, IT Majors See Declines
On the losing side, Bharti Airtel witnessed the steepest drop, with its market capitalization falling ₹15,338.66 crore to ₹11,27,705.37 crore.The valuation of ICICI Bank declined by ₹14,632.10 crore to ₹9,97,346.67 crore.
IT majors also faced pressure. Infosys saw its mcap drop ₹6,791.58 crore to ₹5,48,496.14 crore, while Tata Consultancy Services lost ₹1,989.95 crore, bringing its valuation to ₹9,72,053.48 crore.
Reliance Industries Retains Top Spot
Despite mixed movements across sectors, Reliance Industries retained its position as the most-valued company in the country. It was followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India, and Infosys in the ranking of top-10 firms by market capitalization.The week reflected selective buying in engineering, banking, and financial stocks, even as telecom and IT counters witnessed valuation corrections.
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