Seven of top 10 valued firms add Rs 2 lakh cr in Mcap; RIL outshines

New Delhi: Seven of the 10 most valued firms last week added a whopping Rs 2 lakh crore (Rs 2,03,063.21 crore) in market valuation largely driven by stellar gains in Reliance Industries Limited. The gainers list included RIL, HDFC Bank, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank and ITC. However, Tata Consultancy Services (TCS), Hindustan Unilever Limited and Bharti Airtel witnessed an erosion in their market capitalisation.

The valuation of oil-to-telecom conglomerate Reliance Industries Limited (RIL) jumped by Rs 1,48,880.91 crore to Rs 13,60,562.99 crore. Shares of Reliance Industries last week gained amid reports that Amazon was eyeing a stake in the conglomerate’s retail arm.

ICICI Bank’s market cap zoomed Rs 18,135.35 crore to Rs 2,47,291.59 crore and that of HDFC Bank by Rs 10,788.4 crore to Rs 6,14,252.37 crore.