Last week, five of India’s top 10 most valued companies added a total of Rs 1.13 lakh crore to their market value. Bharti Airtel emerged as the top performer, contributing significantly to the overall gains in terms of market value.
The companies that saw their market value rise include Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank, and Infosys. However, Reliance Industries, State Bank of India (SBI), Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever faced declines in their market capitalization.
Stock Market Overview
The Indian stock market witnessed moderate growth last week, with the BSE benchmark index gaining 623.07 points, or 0.76%, and the Nifty advancing by 90.5 points, or 0.36%.
This positive momentum in the market contributed to the valuation growth of several major companies, particularly in the telecom, IT, and banking sectors.
Bharti Airtel Shines Bright
Bharti Airtel emerged as the biggest gainer, with its market valuation soaring by Rs 47,836.6 crore. The telecom giant’s total market capitalisation now stands at Rs 9,57,842.40 crore, reflecting strong investor confidence in its growth prospects.
Infosys, a leader in the IT sector, added Rs 31,826.97 crore to its valuation, which now totals Rs 8,30,387.10 crore. The company’s consistent performance in delivering innovative technology solutions has kept it a favourite among investors.
HDFC Bank also saw significant gains, with its valuation increasing by Rs 11,887.78 crore to Rs 14,31,158.06 crore. The bank’s robust financial performance and strong market position continue to attract investor interest.
ICICI Bank and TCS Join the Gainers
ICICI Bank added Rs 11,760.8 crore to its market valuation, bringing its total to Rs 9,49,306.37 crore. The bank’s steady growth and strategic initiatives have bolstered its position in the market.
TCS, India’s largest IT company, recorded a valuation increase of Rs 9,805.02 crore, taking its total market capitalisation to Rs 16,18,587.63 crore. TCS remains a key player in driving India’s IT sector forward.
Declines in Other Top Companies
Despite the overall positive trend, some major companies saw their market valuations decline last week.
Reliance Industries, India’s most valued firm, experienced the largest drop, with its market capitalisation falling by Rs 52,031.98 crore to Rs 17,23,144.70 crore.
LIC’s valuation tumbled by Rs 32,067.73 crore to Rs 5,89,869.29 crore, while Hindustan Unilever saw a decline of Rs 22,250.63 crore, bringing its total valuation to Rs 5,61,423.08 crore.
SBI and ITC also faced smaller declines. SBI’s market capitalisation dropped by Rs 2,052.66 crore to Rs 7,69,034.51 crore, and ITC’s valuation decreased by Rs 1,376.19 crore to Rs 5,88,195.82 crore.
Reliance Industries Maintains Top Spot
Despite its decline, Reliance Industries remains India’s most valued company, followed by TCS, HDFC Bank, Bharti Airtel, and ICICI Bank. The top 10 list is rounded out by Infosys, SBI, LIC, ITC, and Hindustan Unilever.
The market performance of India’s top firms reflects the dynamic nature of the stock market, with gains and losses influenced by sectoral trends and investor sentiment. Bharti Airtel’s remarkable growth highlights the potential of the telecom sector, while the banking and IT sectors continue to show resilience.
As the market evolves, these companies will play a crucial role in shaping India’s economic landscape, driving innovation, and delivering value to investors.
