Big Boys Club: Net Valuation Surges, Led by RIL, ITC; SBI, HUL Top Laggards
By Malvika Gurung
Investing.com — The domestic market indices ended lower on Friday, snapping a three-day winning streak amid gloomy global cues.
Benchmark indices declined 0.51% to close Friday’s session at 17,944.2 points, and tanked 316.94 points or 0.52%.
The country’s top 10 most-valued companies witnessed their net cumulative market valuation jump by Rs 95,337.95 crore last week, with five stocks adding wealth to their market caps while the remaining five eroding their valuations.
India’s most valued firm, the oil-to-telecom conglomerate Reliance Industries (NS:) garnered the highest addition to its kitty last week.
On the other hand, the banking major State Bank of India (NS:) took the biggest hit to its wealth in the week ended on Feb 17, followed by the FMCG behemoth Hindustan Unilever (NS:) and the IT behemoth TCS (NS:).
Here’s how the m-caps of giants of the elite Big Boys club performed last week.
- RIL’s valuation soared by Rs 70,023.18 crore.
- ITC’s (NS:) wealth rallied by Rs 14,834.74 crore.
- ICICI Bank (NS:) added Rs 6,034.51 crore to its wealth.
- Bharti Airtel’s (NS:) m-cap rose by Rs 3,288.43 crore.
- HDFC’s (NS:) wealth advanced by Rs 1,157.09 crore.
- SBI’s m-cap tumbled by Rs 19,678.77 crore.
- HUL’s valuation crashed by Rs 14,825.9 crore.
- TCS’ wealth tanked by Rs 13,099.4 crore.
- Infosys’ (NS:) m-cap eroded by Rs 10,309.8 crore.
- HDFC Bank’s (NS:) valuation slipped Rs 14.3 crore.