Market Cap of Six Top Firms Surges by ₹1.18 Lakh Crore; HDFC Bank & Airtel Lead the Rally
HDFC Bank: In a week marked by positive market momentum, the combined market capitalization of six out of the ten most valuable Indian companies surged by a massive ₹1,18,151.75 crore. Leading the gains were HDFC Bank and Bharti Airtel, while Tata Consultancy Services (TCS), State Bank of India (SBI), Hindustan Unilever, and ITC faced market cap erosion.
Stock Market Performance
During the week, the BSE Sensex gained 354.23 points (0.45%), while the Nifty 50 climbed 77.8 points (0.33%), reflecting overall investor optimism. The bullish sentiment was driven by strong corporate earnings, steady foreign institutional investments (FIIs), and macroeconomic stability.
Biggest Gainers: HDFC Bank & Bharti Airtel
- HDFC Bank emerged as the biggest gainer, with its market capitalization jumping ₹32,639.98 crore to ₹13,25,090.58 crore.
- Bharti Airtel followed closely, adding ₹31,003.44 crore to reach ₹9,56,205.34 crore.
Both companies benefited from robust quarterly earnings and strong investor confidence in their long-term growth potential.
Other Notable Gainers
- Bajaj Finance witnessed a ₹29,032.08 crore surge, bringing its market cap to ₹5,24,312.82 crore.
- Infosys saw an increase of ₹21,114.32 crore, reaching ₹7,90,074.08 crore.
- Reliance Industries added ₹2,977.12 crore, taking its total market cap to ₹17,14,348.66 crore.
- ICICI Bank gained ₹1,384.81 crore, with its valuation climbing to ₹8,87,632.56 crore.
Top Losers: ITC, HUL, SBI & TCS
Despite the market rally, four major companies saw declines in their valuations:
- ITC suffered the most, losing ₹39,474.45 crore, bringing its market cap down to ₹5,39,129.60 crore.
- Hindustan Unilever (HUL) saw a decline of ₹33,704.89 crore, reducing its valuation to ₹5,55,361.14 crore.
- State Bank of India (SBI) lost ₹25,926.02 crore, taking its market cap to ₹6,57,789.12 crore.
- Tata Consultancy Services (TCS) witnessed a dip of ₹16,064.31 crore, settling at ₹14,57,854.09 crore.
Ranking of India’s Most Valuable Companies
Despite the fluctuations, Reliance Industries continues to be India’s most valuable company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, and Infosys. Here’s the updated ranking:
| Rank | Company | Market Cap (₹ Crore) |
|---|---|---|
| 1 | Reliance Industries | 17,14,348.66 |
| 2 | Tata Consultancy Services (TCS) | 14,57,854.09 |
| 3 | HDFC Bank | 13,25,090.58 |
| 4 | Bharti Airtel | 9,56,205.34 |
| 5 | ICICI Bank | 8,87,632.56 |
| 6 | Infosys | 7,90,074.08 |
| 7 | State Bank of India (SBI) | 6,57,789.12 |
| 8 | Hindustan Unilever (HUL) | 5,55,361.14 |
| 9 | ITC | 5,39,129.60 |
| 10 | Bajaj Finance | 5,24,312.82 |
Financial Ratios of Key Gainers & Losers
| Company | P/E Ratio | P/B Ratio | ROE (%) | Dividend Yield (%) |
|---|---|---|---|---|
| HDFC Bank | 19.5 | 2.8 | 14.6 | 1.2 |
| Bharti Airtel | 36.4 | 4.1 | 8.9 | 0.7 |
| Infosys | 25.3 | 8.1 | 28.2 | 2.0 |
| Bajaj Finance | 32.7 | 6.2 | 18.4 | 0.3 |
| Reliance Industries | 23.9 | 2.5 | 10.7 | 0.4 |
| ICICI Bank | 18.1 | 2.9 | 15.1 | 0.9 |
| ITC | 29.2 | 8.5 | 31.5 | 2.9 |
| Hindustan Unilever | 62.5 | 11.6 | 74.8 | 1.8 |
| State Bank of India | 11.7 | 1.3 | 14.2 | 2.1 |
| TCS | 28.1 | 12.2 | 45.3 | 1.5 |
Market Outlook: What’s Next?
The overall bullish sentiment in the Indian stock market is expected to continue, driven by:
- Corporate earnings momentum: Companies with strong financials are attracting investor interest.
- Economic stability: India’s macroeconomic fundamentals remain solid, boosting long-term investor confidence.
- Foreign inflows: FIIs are showing renewed interest in Indian equities, especially in banking and tech sectors.
- Sectoral rotation: While IT and FMCG stocks saw corrections, banking and telecom gained traction.
Final Thoughts
The recent surge in market capitalization highlights investor confidence in key sectors like banking, telecom, and financial services. While some blue-chip stocks faced corrections, the overall market sentiment remains bullish.
As we move forward, market participants will closely watch global trends, domestic inflation data, and RBI’s monetary policy for future cues. For investors, staying diversified and focusing on fundamentally strong companies remains the best strategy to navigate market volatility.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.