Together, the eight most valuable domestic companies increased their market valuation by Rs 3.28 lakh crore. TCS outperformed the rest with a market valuation that soared from Rs 80,828.08 crore to Rs 14,08,485.29 crore.
Market Value of TCS HUL and 8 Other Companies Soars by Rs 3.28 Lakh Crore
Last week, the market witnessed notable increases in the valuation of the largest domestic Indian corporations, led by blue-chip enterprises such as Tata Consultancy Services (TCS), Hindustan Unilever (HUL), and Reliance Industries (RIL). The benchmark for the BSE increased by 2,732.05 points, or 3.69 percent, setting new highs.
Together, the eight most valuable domestic companies increased their market valuation by Rs 3.28 lakh crore. TCS outperformed the rest with a market valuation that soared from Rs 80,828.08 crore to Rs 14,08,485.29 crore.
Hindustan Unilever’s market capitalization (mcap) increased to Rs 6,05,407.43 crore with an addition of Rs 58,258.11 crore.
Reliance Industries’ valuation increased by Rs 54,024.35 crore to Rs 19,88,741.47 crore, while Infosys’ valuation increased by Rs 52,770.59 crore to Rs 6,36,630.87 crore.
HDFC Bank’s market capitalization increased to Rs 11,96,325.52 crore, while Bharti Airtel’s market capitalization increased to Rs 8,10,416.01 crore from Rs 32,080.67 crore.
The valuation of ICICI Bank increased by Rs 1,745.46 crore to Rs 7,88,975.17 crore, while that of ITC increased by Rs 16,167.71 crore to Rs 5,48,204.12 crore.
The bottom two institutions in the top ten were Life Insurance Corporation of India (LIC) and State Bank of India.
However, the market capitalization of State Bank of India dropped by Rs 178.5 crore to Rs 7,40,653.54 crore, and that of LIC fell by Rs 12,080.75 crore to Rs 6,28,451.77 crore.
Reliance Industries remained the top company in the list of the most valuable companies, with TCS, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC following.
Market capitalization: what is it, Market Value of TCS HUL
A metric called “market capitalization,” or “market cap,” is used to assess a publicly traded company’s overall worth. The computation involves multiplying the company’s current share price by the total number of outstanding shares.
Market capitalization, put simply, is the stock market’s estimate of a company’s theoretical value.
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