Life Insurance Corporation of India (LIC) and HDFC Bank were the biggest gainers on Dalal Street in terms of valuation last week as five of the Top 10 companies gained Rs 85,582.21 crore in market capital.
The other gainers in the list were Reliance Industries, State Bank of India and Bharti Airtel. The remaining five firms in the Top 10 basket – Hindustan Unilever, TCS, Infosys, ICICI Bank and ITC – saw their market cap eroding by Rs 84,704.81 crore last week.
LIC soared Rs 46,425.48 crore in terms of valuation to Rs 6.74 lakh crore while HDFC Bank surged Rs 18,639.61 crore to 12.14 lakh crore. The valuation of Reliance Industries, the most valued company in the country, leaped to Rs 10,216.41 crore to Rs 19.97 lakh crore.
SBI, the largest PSU bank, saw its market capital zooming Rs 9,192.35 crore to Rs 7.49 lakh crore and telecom giant Bharti Airtel rallied to Rs 8.11 lakh crore after going up by Rs 1,108.36 crore.
Among the laggards, the worst impacted was FMCG major Hindustan Unilever, whose market valuation plummeted by Rs 22,885.02 crore to Rs 5.82 lakh crore.
IT majors TCS and Infosys saw their mcap plunging Rs 22,052.24 crore and Rs 18,600.5 crore to hit Rs 13.86 lakh crore and Rs 6.18 lakh crore in valuation respectively.
The market capital of ICICI Bank slided by Rs 11,179.27 crore to Rs 7.77 lakh crore while ITC tumbled Rs 9,987.78 crore to reach an mcap of Rs 5.38 crore.
In terms of market capitalisation, Reliance Industries continues to be the most valued company in the country. It is followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank and SBI. LIC, which in the eighth position, surpassed Infosys, after gaining considerably for two weeks in a row. The final slots were filled by FMCG giants Hindustan Unilever and ITC.
