Business

3 valued companies add Rs 98,622.89 cr in mcap

New Delhi, Jul 19 (Agencies) | Publish Date: 7/19/2020 12:52:56 PM IST

Three of the 10 most valued companies added a total of Rs.98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys. Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs.37,701.1 crore was less than the total gain made by three firms - Reliance Industries Limited, Hindustan Unilever Limited and Infosys.

The market capitalisation of Infosys zoomed Rs.52,046.87 crore to Rs.3,85,027.58 crore. Shares of Infosys had rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.

Hindustan Unilever Limited added Rs.25,751.07 crore in its market valuation which stood at Rs.5,48,232.26 crore at close on Friday. Reliance Industries’ m-cap jumped Rs.20,824.95 crore to Rs.12,11,682.08 crore.

In contrast, HDFC’s valuation plunged Rs.13,920.21 crore to Rs.3,13,269.70 crore and that of Tata Consultancy Services (TCS) declined Rs.7,617.34 crore to Rs.8,26,031.21 crore.


-Tags:#mcap

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