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

Ullal: Auto-rickshaw accident near Konaje claims driver’s life

Congress victory in bypolls not a clean chit to CM in MUDA case: R Ashoka

IPL 2025 | Got someone who can do captaincy job: Ricky Ponting on Shreyas Iyer

Bad timing: Fraudsters call senior Indore cop during press briefing to pull off ‘digital arrest’

Kangana says MVA lost in Maharashtra because it disrespected women

UP: Protest over Sambhal mosque survey turns violent; 3 killed, 20 cops among injured

Ranbir Kapoor says he would love to remake grandfather Raj Kapoor’s ‘Shree 420’

Related Articles More

Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official

Air India Express increases flight operations from northeast destinations

Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle

Myntra pilots foray into quick commerce with ‘M-Now’ in select locations of Bengaluru

Never entered into pact to operate airport in Kenya: Adani

MUST WATCH

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar


Latest Additions

No one has right to break law: BJP on Sambhal violence

Ullal: Auto-rickshaw accident near Konaje claims driver’s life

Congress victory in bypolls not a clean chit to CM in MUDA case: R Ashoka

IPL 2025 | Got someone who can do captaincy job: Ricky Ponting on Shreyas Iyer

Will review INDI alliance’s dismal performance in Maharashtra, says Tejashwi Yadav

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.