LIC, nation’s biggest insurer has given the highest returns of 74 per cent in the last one year among the top 10 firms by market capitalization and the only non-sensex stock followed by the telecom major Bharti Airtel Ltd with the gain of 68.20 per cent, the country’s largest public sector lender State Bank of India (SBI) gained 47.64 percent, according the stock exchange data
Mumbai:
The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers.
Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its new all-time high of 81,587.76 on Friday.
Stock markets were closed on Wednesday on account of Muharram.
From the top-10 group, the valuation of TCS zoomed Rs 42,639.16 crore to Rs 15,56,772.61 crore.
The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) surged Rs 36,748.23 crore to Rs 7,01,695.24 crore.
Meanwhile, LIC, nation’s biggest insurer has given the highest returns of 74 per cent in the last one year among the top 10 firms by market capitalization and the only non-sensex stock followed by the telecom major Bharti Airtel Ltd with the gain of 68.20 per cent, the country’s largest public sector lender State Bank of India (SBI) gained 47.64 percent, according the stock exchange data.
Reliance Industries Ltd (RIL), the country’s most valued firm by market cap has given only 10.51 per cent returns to its investors.
In the last one year, ICICI Bank Ltd, TCS and Infosys have gained 28.19 per cent, 24.76 per cent, 22.61 per cent respectively, whereas the country’s most valued stock by market capitalization has given a return of 10.61 per cent.
During the last week, Infosys added Rs 33,569.16 crore, taking its valuation to Rs 7,44,396.43 crore, while State Bank of India’s mcap climbed Rs 26,372.23 crore to Rs 7,93,576.49 crore. Hindustan Unilever’s mcap soared Rs 24,494.49 crore to Rs 6,40,651.30 crore, and that of ITC jumped Rs 19,420.52 crore to Rs 5,92,679.30 crore.
The market valuation of Bharti Airtel went up by Rs 16,223.03 crore to Rs 8,31,928.39 crore, and that of ICICI Bank climbed Rs 10,863.44 crore to Rs 8,78,531.60 crore.
However, the market valuation of Reliance Industries diminished by Rs 56,799.01 crore to Rs 21,03,829.74 crore.
The mcap of HDFC Bank declined by Rs 13,124.01 crore to Rs 12,22,701.34 crore.
In the top-10 table, Reliance Industries retained the title of the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever and ITC.