[ad_1]
Last week witnessed a collective surge in market valuation among six of the top-10 most valued companies, amounting to a notable increase of ₹1,30,734.57 crore.
State Bank of India and ICICI Bank emerged as the principal beneficiaries, aligning with an overall optimistic trend in the equity market.
Also read: Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Tata Power and Oil India tomorrow
During this period, the BSE benchmark advanced by 641.83 points or 0.87 percent. The market value of State Bank of India soared by ₹45,158.54 crore to reach ₹7,15,218.40 crore, while ICICI Bank experienced a surge of ₹28,726.33 crore, reaching ₹7,77,750.22 crore.
Bharti Airtel and ITC also observed significant gains, adding ₹20,747.99 crore and ₹18,914.35 crore respectively to their market capitalization.
Also read: Bajaj Finance vs Jio Financial: Which stock should you buy after Q4 results?
On the other hand, Reliance Industries saw a decline of ₹26,115.56 crore in its market capitalization, settling at ₹19,64,079.96 crore. Similarly, HDFC Bank witnessed a dip of ₹16,371.34 crore, reaching ₹11,46,943.59 crore.
Despite fluctuations, Reliance Industries retained its position as the most valued firm among the top-10, followed by Tata Consultancy Services, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, ITC, and Hindustan Unilever Limited.
(With inputs from PTI)
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!
Download The Mint News App to get Daily Market Updates.
More
Less
Published: 28 Apr 2024, 12:43 PM IST
[ad_2]
Source link