Market Capitalisation of 8 of Top-10 Most Valued Firms Adds To Rs 1.28 Lakh Crore; TCS, Infosys Leads
Last week, eight of the top ten most valuable companies increased their market capitalization by Rs 1,28,503.47 crore, with IT giants Tata Consultancy Services and Infosys leading the way. The company's market capitalization is calculated using the current share price and the total number of outstanding shares. It is calculated by multiplying the current market price of the company's stock by the total number of outstanding shares.
According to the International Monetary Fund (IMF), India's nominal Gross Domestic Product (GDP) is valued at US$ 2.87 trillion, making it the world's sixth-largest economy. This is primarily due to the business that various Indian corporations have conducted both in India and abroad.
Tata Consultancy Services (TCS) saw its value rise by Rs 36,158.22 crore to Rs 11,71,082.67 crore, making it the top gainer among the top-10 most valuable companies.
Infosys' market capitalisation (m-cap) increased by Rs 20,877.24 crore to Rs 5,90,229.35 crore, while Hindustan Unilever's valuation increased by Rs 19,842.83 crore to Rs 5,63,767.05 crore.
Reliance Industries
Reliance Industries increased its market capitalization by Rs 17,401.77 crore to Rs 12,81,644.97 crore.
The Bank increased its market capitalization by Rs 12,003.6 crore to Rs 3,30,701.48 crore.
ICICI Bank
The market capitalization of ICICI Bank increased by Rs 10,681.76 crore to Rs 4,10,775.37 crore.
Kotak Mahindra Bank
The market capitalization of Kotak Mahindra Bank increased by Rs 6,301.56 crore to Rs 3,57,573.74 crore.
Bajaj Finance
Bajaj Finance increased its valuation to Rs 3,17,563.53 crore by adding Rs 5,236.49 crore.
In comparison, HDFC Bank's market capitalisation fell by Rs 3,142.29 crore to Rs 8,19,474.22 crore, while HDFC's fell by Rs 171.38 crore to Rs 4,56,569.82 crore.
Reliance Industries topped the list of top-10 companies, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, State Bank, and Bajaj Finance.