IT sector The effect of prolonged slowdown was visible on the stocks of big companies in this sector. However, now this situation seems to be changing. Last week, Tata Consultancy Services (TCS) and Infosys stood first and second among the top 10 Sensex earning stocks. Let me tell you that the combined market valuation of seven of the top 10 valuable companies of the country increased by Rs 1,50,679.28 crore last week. Information technology companies Tata Consultancy Services (TCS) and Infosys benefited the most from the good rally in the market. Last week, a rise of 890.05 points or 1.37 percent was recorded in BSE’s benchmark index Sensex.
Investors of Reliance and HDFC Bank were also not left behind.
Reliance Industries, TCS, HDFC Bank, Infosys, Hindustan Unilever, ITC and Bharti Airtel benefited from this rally. On the other hand, ICICI Bank, State Bank of India and Bajaj Finance, among the top 10 companies, faced a decline in their market valuations. Last week, the valuation of TCS increased by Rs 62,148.99 crore to Rs 12,81,637.63 crore. In this way, the maximum increase was recorded in the valuation of TCS. During this period, the market capitalization of Infosys increased by Rs 28,616.98 crore to Rs 5,96,681.75 crore.
ITC also made money for investors
The capitalization of the country’s leading company Reliance Industries increased by Rs 28,111.41 crore to Rs 15,93,893.03 crore. Whereas the capitalization of HDFC Bank increased by Rs 11,136.61 crore to reach Rs 11,42,215.81 crore. The market valuation of Hindustan Unilever rose by Rs 10,032.75 crore to Rs 5,94,317.36 crore and that of Bharti Airtel rose by Rs 6,828.74 crore to Rs 5,32,585.63 crore. ITC also added Rs 3,803.8 crore in the period under review, taking its valuation to Rs 5,47,808.43 crore.
SBI and ICICI caused loss
However, the capitalization of public sector State Bank of India declined by Rs 14,502.5 crore to Rs 5,02,589.52 crore. During this period, the market valuation of ICICI Bank declined by Rs 11,308.97 crore to Rs 6,46,254.41 crore. The market valuation of Bajaj Finance also declined by Rs 4,973.68 crore to Rs 4,46,169.40 crore. With this, Reliance Industries has retained the title of the country’s most valuable company. It was followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, Bharti Airtel, State Bank of India and Bajaj Finance.
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