M-cap of seven of the 10 most valuable companies fall by more than Rs 1.54 lakh-crore: The Tribune India

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PTI

New Delhi, August 28

Seven of the 10 most valued companies suffered a combined Rs 1,54,477.38 crore erosion in market valuation last week, with IT majors Tata Consultancy Services and Infosys emerging as the biggest laggards.

Last week, the benchmark BSE index fell by 812.28 points or 1.36%.

Reliance Industries Limited, ICICI Bank and State Bank of India were the only top 10 winners.

The market valuation of Tata Consultancy Services (TCS) plunged from Rs 59,862.08 crore to Rs 11,78,818.29 crore.

The valuation of Infosys fell from Rs 31,789.31 crore to Rs 6,40,351.57 crore.

The valuation of HDFC Bank decreased from Rs 16,090.67 crore to Rs 8,13,952.05 crore and that of Hindustan Unilever fell from Rs 14,814.18 crore to Rs 6,04,079.91 crore.

Market capitalization (mcap) of Bajaj Finance decreased from Rs 14,430.4 crore to Rs 4,27,605.59 crore and HDFC from Rs 13,031.62 crore to Rs 4,34,644.36 crore.

The valuation of Life Insurance Corporation (LIC) fell from Rs 4,459.12 crore to Rs 4,29,309.22 crore.

On the other hand, Reliance Industries added Rs 3,500.56 crore bringing its valuation to Rs 17,71,645.33 crore.

State Bank of India’s mcap jumped from Rs 3,034.37 crore to Rs 4,67,471.16 crore and that of ICICI Bank soared from Rs 523.02 crore to Rs 6,06,330.11 crore.

Reliance Industries continued to top the rankings as the most valued company, followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC, LIC and Bajaj Finance.

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