Six of top 10 valued firms take Rs 1.40 lakh cr hit in mcap; TCS, Infosys biggest laggards

Apr21,2024



New Delhi: United market assessment Six of the top 10 valued companies, including IT majors, suffered a loss of Rs 1,40,478.38 crore in the week short of holidays. Tata Consultancy Services (TCS) and Infosys To withstand maximum blows. Last week, the BSE benchmark fell 1,156.57 points or 1.55 per cent. Share Market Were closed on Wednesday on the occasion of Ram Navami.
While Reliance Industries, HDFC Bank, Bharti Airtel and Life Insurance Corporation of India (LIC) gained from the top 10 pack, TCS, ICICI Bank, State Bank of India, Infosys, ITC and Hindustan Unilever faced a decline in their valuations.
TCS' market valuation rose by Rs 62,538.64 crore to Rs 13,84,804.91 crore, the highest among the top 10 companies.
Infosys suffered a write-down of Rs 30,488.12 crore from its valuation, which stood at Rs 5,85,936.45 crore.
Infosys shares closed nearly 1 per cent lower on Friday after the company's revenue growth guidance for FY2015 fell short of market expectations.
The market capitalization (mcap) of ICICI Bank declined by Rs 26,423.74 crore to Rs 7,49,023.89 crore and the market capitalization (mcap) of State Bank of India declined by Rs 14,234.76 crore to Rs 6,70,059.86 crore.
ITC's valuation declined by Rs 6,616.9 crore to Rs 5,30,350.97 crore and Hindustan Unilever's valuation declined by Rs 176.22 crore to Rs 5,24,487.51 crore.
However, Bharti Airtel's mcap rose by Rs 37,797.09 crore to Rs 7,30,658.36 crore and HDFC Bank's mcap rose by Rs 9,420.17 crore to Rs 11,63,314.93 crore.
Reliance Industries added Rs 4,397.82 crore, taking its valuation to Rs 19,90,195.52 crore, and LIC's mcap rose by Rs 1,201.75 crore to Rs 6,15,453.90 crore.
In the ranking of top 10 companies, Reliance Industries remained the most valuable company, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, ITC and Hindustan Unilever.



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