Big Boys Club Latest Data: Adani Enterprises’ M-Cap eaten away, TCS shines | News Bharat

By Malvika Gurung — The domestic market opened the new week on a negative note, following weakness in Asian peers, as protests in major Chinese cities against the country’s strict Covid-19 policies raised concerns about China’s handling of the virus, while raising prospects for more economic turmoil.

In addition, the upside as investors moved away from risk put pressure. INR opened lower at 81.77/$1. Benchmarks and were down nearly 0.45 percent each in Monday’s trading hours, while they were down more than 0.5 percent.

The country’s top 10 most valued companies added a whopping Rs 79,798.3 crore to their combined valuation last week.

IT giants Tata Consultancy (NS:) Services and Infosys (NS:) witnessed the biggest gains in wealth for the week, followed by the oil-to-telecom conglomerate and the country’s most-valued company Reliance Industries (NS:).

The flagship company of the Adani (NS:) Group, Adani Enterprises (NS:) was the only company to witness valuation erosion last week.

Here’s how the m-caps of giants from the elite Big Boys club performed last week according to the latest figures.

  • TCS valuation jumped by Rs 17,215.83 crore.
  • Infosys’s m-cap rose by Rs 15,946.6 crore.
  • RIL’s valuation increased by Rs 13,192.5 crore.
  • Hindustan Unilever (NS:) added Rs 12,535.07 crore to its m-cap.
  • ICICI Bank’s ( NS: ) m-cap jumped by Rs 6,463.34 crore.
  • Bharti Airtel (NS:) earned Rs 5,451.97 crore at its valuation.
  • State Bank of India (NS:) valuation earned Rs 4,283.81 crore.
  • HDFC ( NS: ) added Rs 2,674.47 crore to its market cap.
  • HDFC Bank’s ( NS: ) m-cap rose by Rs 2,034.73 crore.
  • Adani Enterprises (NS:) valuation fell by Rs 13,281.01 crore.

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