Market valuation of seven of top-10 most valued firms falls by Rs 77,434.98 cr; ITC, HDFC Bank major laggards
PTI, Jul 30, 2023, 11:47 AM IST
The combined market valuation of seven of the top-10 most valued firms fell by Rs 77,434.98 crore last week, with ITC and HDFC Bank taking the biggest hit, in-line with a muted trend in equities.
Last week, the BSE benchmark fell by 524.06 points or 0.78 per cent.
While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC and Bajaj Finance Limited were the main laggards in the top-10 pack, Infosys, State Bank of India and Bharti Airtel made gains in their market capitalisation (mcap).
The valuation of ITC fell by Rs 26,192.05 crore to Rs 5,83,732.19 crore.
HDFC Bank’s mcap declined by Rs 22,747.89 crore to Rs 12,40,322.63 crore and that of Bajaj Finance plunged Rs 12,127.47 crore to Rs 4,47,298.52 crore.
The market valuation of Reliance Industries tumbled Rs 5,818.43 crore to Rs 17,10,076.74 crore and that of TCS went lower by Rs 5,214.15 crore to Rs 12,27,739.80 crore.
Hindustan Unilever’s valuation eroded by Rs 4,417.23 crore to Rs 6,07,369.34 crore and that of ICICI Bank dipped by Rs 917.76 crore to Rs 6,96,495.74 crore.
However, the mcap of Bharti Airtel jumped Rs 5,643.3 crore to Rs 5,00,369.30 crore and that of Infosys climbed Rs 4,129.44 crore to Rs 5,56,271.03 crore.
The valuation of State Bank of India gained Rs 981.71 crore to Rs 5,49,800.72 crore.
In the ranking of top-10 companies, Reliance Industries retained the title of the most valued firm followed by HDFC Bank, TCS, ICICI Bank, Hindustan Unilever, ITC, Infosys, State Bank of India, Bharti Airtel and Bajaj Finance.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
NCLT recalls order on Zee-Sony merger, allows withdrawal of scheme
SpiceJet shareholders approve Rs 3,000 cr fund raising plan
Inflation moderated but we still have distance to cover: RBI Guv Das
Assamese actor Sumi Bora to surrender amid multi-crore stock market scam probe
Sensex declines by 398 pts, Nifty ends below 25K on profit taking in Tata Motors, RIL
MUST WATCH
Latest Additions
Karnataka Women’s Commission gives Kannada film industry 15 days to come up with POSH plan
Those filled with hate not leaving any chance to defame the country: PM Modi’s veiled dig at Rahul Gandhi
Kejriwal holds one on one meeting with AAP’s PAC members to elect next Delhi CM
Jobs ready for youths in J-K holding laptops and tricolour, jail for stone pelters: Amit Shah
Udayavani.com “Nammane Krishna”: Broadcast of 6th Prize-Winning Reel
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.