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

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NEW DELHI: The mixed (*10*)market valuation(*10*) of six of the top 10 valued firms eroded by Rs 1,40,478.38 crore in a holiday-shortened week, with IT majors (*10*)Tata Consultancy Services(*10*) (TCS) and (*10*)Infosys(*10*) taking the utmost hit. Last week, the BSE benchmark declined 1,156.57 factors or 1.55 per cent. (*10*)Stock markets(*10*) have been closed on Wednesday on account of Ram Navami.
While Reliance Industries, HDFC Bank, Bharti Airtel and Life Insurance Corporation of India (LIC) have been the gainers from the top-10 pack, TCS, ICICI Bank, State Bank of India, Infosys, ITC and Hindustan Unilever suffered erosion in their valuation.
The market valuation of TCS tanked by Rs 62,538.64 crore to Rs 13,84,804.91 crore, essentially the most among the many top 10 firms.
Infosys confronted an erosion of Rs 30,488.12 crore from its valuation which stood at Rs 5,85,936.45 crore.
Shares of Infosys on Friday ended almost 1 per cent decrease after the corporate’s income development steering for FY25 failed to fulfill market expectations.
The market capitalisation (mcap) of ICICI Bank diminished by Rs 26,423.74 crore to Rs 7,49,023.89 crore and that of State Bank of India declined by Rs 14,234.76 crore to Rs 6,70,059.86 crore.
The valuation of ITC slumped Rs 6,616.9 crore to Rs 5,30,350.97 crore and that of Hindustan Unilever went decrease by Rs 176.22 crore to Rs 5,24,487.51 crore.
However, Bharti Airtel’s mcap zoomed Rs 37,797.09 crore to Rs 7,30,658.36 crore and that of HDFC Bank climbed 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 the mcap of LIC superior Rs 1,201.75 crore to Rs 6,15,453.90 crore.
In the rating of top-10 firms, Reliance Industries remained essentially the most valued firm adopted by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, ITC and Hindustan Unilever.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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