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The Financial Express

Weekly analysis

Top eight BSE companies add Rs 579.98 billion

Published: December 10, 2017 13:53:21 | Updated: December 12, 2017 12:03:26


Top eight BSE companies add Rs 579.98 billion

The combined market valuation of eight of the top 10 valued firms soared by Rs 579.98 billion last week, driven by FMCG major Hindustan Unilever (HUL) and the country's largest carmaker Maruti Suzuki India.

Tata Consultancy Services (TCS) and HDFC Bank were the only losers among 10 most valued firms on BSE last week, reports Economic Times.

HUL's m-cap soared by Rs 160.93 billion to Rs 2871.61 billion, while that of Maruti Suzuki India's surged by Rs 130.89 billion to Rs 2731.06 billion.

The valuation of Infosys, India's second-largest IT firm, jumped by Rs 98.88 billion to Rs 2300.55 billion and that of diversified ITC rose by Rs 78.00 billion to Rs 3189.65 billion.

The Mukesh Ambani-led Reliance Industries Ltd (RIL) added Rs 70.30 billion to its market valuation at Rs 5832.44 billion while HDFC m-cap moved up by Rs 28.74 billion to Rs 2678.09 billion.

ONGC, the biggest oil and gas producer of India, saw its valuation rising by Rs 7.05 billion to Rs 2313.83 billion and the largest public lender State Bank of India (SBI) by Rs 5.18 billion to Rs 2703.13 billion.

On the flip-side, TCS took a hit of Rs 56.56 billion as its market capitalisation slumped to Rs 4979.06 billion and the valuation of HDFC Bank dropped by Rs 9.44 billion to Rs 4761.90 billion.

In ranking, RIL remained at the top followed by TCS, HDFC Bank, ITC, HUL, Maruti Suzuki India, SBI, HDFC, ONGC and Infosys.

Over the last week, the Sensex gained 417.36 points, or 1.27 per cent, while the Nifty advanced 143.85 points, or 1.42 per cent.

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