Thursday, October 10, 2024

Market cap of 6 most valued firms rises ₹1.30 lakh crore; SBI, ICICI Bank leads

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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)

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Published: 28 Apr 2024, 12:43 PM IST

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