Mukesh AmbaniImage credit source: File photo: PTI
In the past week or so, the stock market has fallen on five business days. Reliance Industries, the country’s largest company, has also been the worst affected by this decline. Reliance Industries’ market cap has suffered a loss of over Rs 40,000 crore during this period. In fact, six of the country’s top 10 companies experienced a combined decline in market cap of Rs 1,02,280.51 crore last week amid weak equity trends, with Reliance Industries the worst hit. Last week, the Sensex saw a decline of 405.21 points.
Among the top 10 firms, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, Infosys and State Bank of India declined in the market. On the other hand, the market cap of Tata Consultancy Services (TCS), HDFC Bank, HDFC and Bharti Airtel increased.
The market cap of these companies has decreased
- Reliance Industries’ market cap fell by Rs 40,695.15 crore to Rs 17,01,720.32 crore.
- Hindustan Unilever’s mcap fell by Rs 17,222.5 crore to Rs 6,20,797.26 crore.
- SBI’s valuation fell by Rs 14,814.86 crore to Rs 4,95,048.22 crore.
- Infosys’ mcap fell by Rs 11,204.66 crore to Rs 5,25,228.89 crore.
- ITC’s mcap fell by Rs 10,625.95 crore to Rs 5,52,611.81 crore.
- ICICI Bank’s mcap fell by Rs 7,717.39 crore to Rs 6,46,262.77 crore.
Mcap of these companies has increased
- HDFC Bank added Rs 23,525.6 crore to Macop, valuing it at Rs 9,18,984.17 crore.
- TCS’ MCap increased by Rs 15,441.19 crore to Rs 11,77,281.48 crore.
- HDFC’s valuation increased by Rs 13,821.74 crore to Rs 5,03,318.08 crore.
- Bharti Airtel’s market cap increased by Rs 11,297.68 crore to Rs 4,77,710.47 crore.