Advertisement
Thursday, Jun 01, 2023
Outlook.com
Outlook.com

RIL, HDFC, Bajaj Finance, HUL Market Value Drop By Over Rs 2.61 Lakh Crore

Reliance Industries (RIL) valuation tumbled by Rs 79,658.02 crore to reach Rs 15,83,118.61 crore. HDFC's valuation declined by Rs 34,690.09 crore to Rs 4,73,922.86 crore.

RIL, HDFC, Bajaj Finance, HUL Market Value Drop By Over Rs 2.61 Lakh Crore
RIL, HDFC, Bajaj Finance, HUL Market Value Drop By Over Rs 2.61 Lakh Crore
outlookindia.com
2021-12-19T15:20:32+05:30

Eight of the top-10 most valued companies suffered a combined erosion of Rs 2,61,812.14 crore in market valuation last week, with Reliance Industries emerging as the biggest laggard.

In the top-10 list, Infosys and Wipro were the only gainers.

During the last week, the BSE benchmark slumped 1,774.93 points or 3.01 per cent.

The valuation of Reliance Industries (RIL) tumbled by Rs 79,658.02 crore to reach Rs 15,83,118.61 crore.

HDFC's valuation declined by Rs 34,690.09 crore to Rs 4,73,922.86 crore.

The market capitalisation (m-cap) of Bajaj Finance dropped by Rs 33,152.42 crore to Rs 4,16,594.78 crore and that of HDFC Bank dipped by Rs 27,298.3 crore to Rs 8,16,229.89 crore.

The valuation of Hindustan Unilever Ltd (HUL) tanked by Rs 24,083.31 crore to Rs 5,24,052.84 crore and that of State Bank of India eroded by Rs 24,051.83 crore to Rs 4,17,448.70 crore.

ICICI Bank's valuation tumbled by Rs 20,623.35 crore to Rs 5,05,547.14 crore and that of Tata Consultancy Services dipped by Rs 18,254.82 crore to Rs 13,26,923.71 crore.

In contrast, the valuation of Infosys jumped by Rs 26,515.92 crore to Rs 7,66,123.04 crore and that of Wipro went higher by Rs 17,450.39 crore to Rs 3,67,126.39 crore.

In the ranking of top-10 firms, RIL was leading the chart followed by Tata Consultancy Services, HDFC Bank, Infosys, HUL, ICICI Bank, HDFC, State Bank of India, Bajaj Finance and Wipro.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement