In a week marked by a positive trend in equities and a 0.91% increase in the BSE benchmark, nine out of India’s top-10 most-valued firms experienced a significant surge in their combined market valuations. The combined market capitalization of these companies surged by ₹97,463.46 crore (INR100 crore ≈ USD12 million) during the past week.
Reliance Industries, the titan of the Indian corporate landscape, led the pack with a remarkable market valuation reaching ₹15,68,995.24 crore, maintaining its unshakable position as the most valued firm. Following closely behind, HDFC Bank and ICICI Bank also exhibited impressive growth with their market capitalizations soaring to ₹11,25,842.89 crore and ₹6,54,042.46 crore, respectively.
Tata Consultancy Services (TCS) modestly advanced, securing a market valuation of ₹12,26,093.23 crore. State Bank of India’s valuation also experienced a substantial boost, reaching ₹5,15,976.44 crore, while Bharti Airtel and Hindustan Unilever Limited (ULVR) rallied to ₹5,23,087.22 crore and ₹5,89,418.46 crore, respectively.
Infosys and ITC also joined the upward trend among the top-10 firms, witnessing their valuations rise to ₹5,76,529.86 crore and ₹5,40,699.70 crore, respectively. In contrast to this buoyant atmosphere, Bajaj Finance faced a setback as it witnessed a decrease in its market capitalization, which declined to ₹4,49,604.04 crore.
