Monday, March 27, 2023

Top 10 most valued firms lose Rs 2.09 lakh crore in m-cap; Reliance, TCS biggest losers – Usky News

New Delhi: The market capitalization (m-cap) of the top-10 most valuable companies declined by over Rs 2.09 lakh crore last week, with Reliance Industries and TCS Taking the biggest hit amid an overall weak trend in equities.
On a weekly basis, domestic equity benchmarks witnessed heavy selling. The 30-share BSE Sensex lost 1,145.23 points or 1.93 per cent.
corporate head M-Cap of Reliance Industries 67,722.33 crore decreased to Rs 15,04,001.93 crore.
IT Bellowsters market valuation of tcs 55,654.17 crore to Rs 11,63,194.14 crore and that of Infosys fell Rs 21,250.8 crore to Rs 5,97,905.17 crore.
State Bank of India’s (SBI) valuation declined by Rs 16,108.93 crore to Rs 4,72,290.46 crore and that of ITC declined by Rs 15,226.12 crore to Rs 4,66,696.21 crore.
Telecom major Bharti Airtel’s m-cap declined by Rs 9,053.44 crore to Rs 4,22,177.07 crore and HDFC Bank’s m-cap declined by Rs 8,982.11 crore to Rs 8,77,318.09 crore.
HDFC also saw a decline of Rs 8,063.79 crore in its market valuation, which stood at Rs 4,69,460.45 crore.
The m-cap of private sector lender ICICI Bank declined by Rs 4,396.91 crore to Rs 5,83,983.07 crore and that of Hindustan Unilever Limited (HUL) declined by Rs 3,465.65 crore to Rs 5,75,273.92 crore.
In the ranking of top-10 firms Reliance Industries retained the title of most valuable firm, followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, HDFC, ITC and Bharti Airtel.


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