Reliance Industries leads as nine of India’s top firms see market value surge
2023.11.06 02:35
© Reuters
In a week marked by a positive trend in equities and a 0.91% increase in the BSE benchmark, nine of India’s top-10 most-valued firms experienced a significant surge in their combined market valuations. The combined market capitalization of these companies surged by ₹97,463.46 crore (INR100 crore = approx. USD12 million) last week.
Reliance Industries led the pack with its valuation reaching ₹15,68,995.24 crore, maintaining its position as the most valued firm. HDFC Bank and ICICI Bank followed suit with their market capitalizations hitting ₹11,25,842.89 crore and ₹6,54,042.46 crore, respectively.
Tata Consultancy Services (NS:) modestly advanced to ₹12,26,093.23 crore. State Bank of India’s valuation increased to ₹5,15,976.44 crore while Bharti Airtel and Hindustan Unilever (LON:) Limited rallied to ₹5,23,087.22 crore and ₹5,89,418.46 crore, respectively.
Infosys (NS:) and ITC also saw their valuations rise to ₹5,76,529.86 crore and ₹5,40,699.70 crore, respectively. In contrast to this upward trend among the top-10 firms, Bajaj Finance witnessed a decrease in its market capitalization which declined to ₹4,49,604.04 crore.
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