Four of India’s top 10 most valued companies saw their combined market valuation rise by INR 95,447.38 crore last week, driven by gains in Bharti Airtel, SBI and LIC
MUMBAI — Four of India’s top 10 most valued companies saw their combined market valuation rise by INR 95,447.38 crore last week, driven by gains in Bharti Airtel, State Bank of India (SBI), and Life Insurance Corporation of India (LIC).
Meanwhile, six other heavyweights, including HDFC Bank, TCS, ICICI Bank, Bajaj Finance, Infosys, and Hindustan Unilever, collectively lost INR 91,685.94 crore in value.
The market capitalisation of SBI climbed by INR 30,091.82 crore to reach INR 8,64,908.87 crore, while Bharti Airtel’s valuation rose by INR 14,540.37 crore to INR 11,71,554.56 crore.
LIC also witnessed a rise of INR 3,383.87 crore, taking its total market value to INR 5,65,897.54 crore.
However, the broader trend among other top firms was negative. Bajaj Finance saw the steepest decline, with its market value dropping by INR 29,090.12 crore to INR 6,48,756.24 crore.
ICICI Bank’s valuation slipped by INR 21,618.9 crore to INR 9,61,127.86 crore, and Infosys lost INR 17,822.38 crore to settle at INR 6,15,890 crore.
Hindustan Unilever’s valuation fell by INR 11,924.17 crore to INR 5,79,561.93 crore, while HDFC Bank’s market cap declined by INR 9,547.96 crore to INR 15,18,679.14 crore.
TCS also recorded a marginal loss of INR 1,682.41 crore, bringing its valuation to INR 11,06,338.80 crore.
Among the top 10 most valued Indian companies, HDFC Bank continued to hold the second spot, followed by Bharti Airtel, TCS, ICICI Bank, SBI, Bajaj Finance, Infosys, Hindustan Unilever, and LIC.
“The mixed movement in valuations reflects the ongoing volatility in Indian equity markets, with select banking and telecom stocks attracting investor interest while technology and consumer stocks faced selling pressure,” analysts said.
Meanwhile, the Nifty index closed at 25,722.10, registering a 0.28 per cent decline from the previous week’s close.