Mcap of 7 of the top 10 valued companies declines by over Rs1.54 billion in the past one week

29 Aug 2022 , 09:51 AM

Last week, the market valuation of seven of the top ten valued companies decreased by a total of Rs 1,54,477.38 crore, with IT giants Tata Consultancy Services and Infosys emerging as the largest laggards.

The benchmark BSE index fell 812.28 points or 1.36 % last week. The only gainers among the top 10 were the State Bank of India, ICICI Bank, and Reliance Industries Limited.

• Tata Consultancy Services’ (TCS) market value plummeted by Rs 59,862.08 billion to Rs 11,78.818.29 billion.

• Infosys’ value plummeted by Rs 31,789.31 crore to Rs 6,40,351.57 crore.

• Hindustan Unilever’s value dropped by Rs 14,814.18 crore to Rs 6,04,079.91 crore. 

• HDFC Bank’s dropped by Rs 16,090.67 crore to Rs 8,13,952.05 crore.

• Bajaj Finance’s market capitalization (mcap) fell by Rs 14,430.4 crore to Rs 4,27,605.59 

• HDFC’s fell by Rs 13,031.62 crore to Rs 4,34,644.36 crore.

• Life Insurance Corporation (LICvaluation )’s decreased by Rs 4,459.12 crore to Rs 4,29,309.22 crore.

• Reliance Industries, on the other hand, increased by Rs 3,500.56 crore, bringing its valuation to Rs 17,71,645.33 crore.

• State Bank of India’s Mcap increased by Rs 3,034.37 crore to Rs 4,67,471.16 crore, and ICICI Bank’s Mcap increased by Rs 523.02 crore to Rs 6,06,330.11 crore.

As the most valuable company, Reliance Industries continues to top the list, followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC, LIC, and Bajaj Finance.

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