Market cap of 6 of top-10 most valued firms surges by Rs 1,85,186.51 crore; LIC, Infosys top gainers

Six of the top ten valued companies saw a combined increase in market valuation of Rs 1,85,186.51 crore last week; the two largest gainers were Infosys and Life Insurance Corporation of India (LIC). 

Last week, the BSE benchmark climbed 728.07 points or 0.90 per cent.

The valuation of LIC surged Rs 44,907.49 crore to Rs 7,46,602.73 crore. Infosys added Rs 35,665.92 crore to its market valuation at Rs 7,80,062.35 crore.

ITC's valuation soared by Rs 35,363.32 crore to Rs 6,28,042.62 crore.

The market capitalisation (mcap) of Tata Consultancy Services (TCS) jumped Rs 30,826.1 crore to Rs 15,87,598.71 crore and that of Bharti Airtel climbed Rs 30,282.99 crore to Rs 8,62,211.38 crore.

HDFC Bank's valuation rallied Rs 8,140.69 crore to Rs 12,30,842.03 crore.

However, the mcap of Reliance Industries (RIL) tumbled by Rs 62,008.68 crore to Rs 20,41,821.06 crore. The valuation of ICICI Bank declined by Rs 28,511.07 crore to Rs 8,50,020.53 crore.

State Bank of India's mcap declined by Rs 23,427.1 crore to Rs 7,70,149.39 crore.

Also read: How will Indian indices perform next week 

Hindustan Unilever's (HUL) valuation declined by Rs 3,500.89 crore to Rs 6,37,150.41 crore.

RIL remains the most valued firm followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, HUL, and ITC.

What is market capitalisation? 

Market capitalisation or 'market cap' is a measure used to evaluate the total value of a publicly traded company. It is calculated by multiplying the current share price of the company by the total number of outstanding shares.

In essence, market capitalisation represents the theoretical value of a company according to the stock market. 

(With inputs from agencies.) 

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