Reliance Industries retained the title of India's most valued domestic firm listed on the market, with a whopping addition of Rs 20,231 crore in a week to reach a total market capitalisation (mcap) of Rs 16.52 crore.
The data, compiled after markets closed on the last weekend of 2024 on Friday, showed that out of the top ten most valued firms, six of them posted gains while the other four saw their mcap shaved off during last week.
Here are the top 10 valued firms (as of Dec 29, 2024):
1. Reliance Industries (Rs 16.52 lakh crore)
2. TCS (Rs 15.08 lakh crore)
3. HDFC Bank (Rs 13.75 lakh crore)
4. ICICI Bank (Rs 9.23 lakh crore)
5. Bharti Airtel (Rs 9.11 lakh crore)
6. Infosys (Rs 7.96 lakh crore)
7. SBI (Rs 7.14 lakh crore)
8. ITC (Rs 5.99 lakh crore)
9. LIC (Rs 5.61 lakh crore)
10. Hindustan Unilever (Rs 5.50 lakh crore)
Among the top ten, HDFC Bank saw the biggest gains, with its mcap soaring by almost Rs 20,236 crore to hit a staggering Rs 13.75 lakh crore.
Topper Reliance Industries gained the most after HDFC Bank, adding Rs 20,236 crore to its valuation.
Despite being one of the tailenders, ITC saw a staggering rise in mcap of Rs 17,933 crore, driving it closer to the Rs 6 lakh crore mark. ICICI Bank saw an increase in valuation by Rs 15,254 crore.
Even as Bharti Airtel looks to claw back its telecom crown from Jio, the carrier saw its valuation rise by Rs 11,948 crore. Hindustan Unilever also saw its mcap increase by Rs 1,245 crore.
The laggards were led by the State Bank of India (SBI), shedding over Rs 11,557 crore, while another PSU Life Insurance Corporation of India (LIC) lost Rs 8,412 crore in mcap.
Market valuations of both tech giants Infosys and TCS dropped, with Infosys losing around Rs 2,284 crore. TCS mcap inched down by Rs 36.2 crore.
As India markets enter 2025 from a year that saw major ups and downs, including the lingering impact of the FII selloff, it remains to be seen if Reliance Industries can still keep the crown in the coming weeks.
