Last week proved to be a great week for the investors of Tata Group’s IT giant TCS. While on one hand the 30-share Sensex of Bombay Stock Exchange gained about 1 percent, on the other hand, the market capitalization of seven of the top 10 companies of Sensex saw a huge jump. Meanwhile, the shareholders of TCS made the most profit and earned more than Rs 67000 crore in just five days.
Last week, the market value of seven companies among the top 10 Sensex firms has increased by Rs 1,40,863.66 crores. The country’s number 1 and number 2 IT companies were at the forefront in terms of making money for their investors. Yes, investors of Tata Consultancy Services and Infosys made the most money, apart from this, investors from Reliance to ICICI Bank have benefited.
Talking about TCS investors, last week proved to be profitable for them. On the last trading day of the week, TCS share closed at Rs 4,414.20 with a tremendous rise of 2.77 percent. This rise in the share also affected the market cap of the company (TCS MCap) and reached the level of Rs 15.99 lakh crore. According to this, in the five days of the last week, the wealth of TCS investors has increased by Rs 67,477.33 crore.
After TCS, the market capitalization (Infosys Market Cap) of Infosys, the IT firm which was the top earner, rose by Rs 36,746.21 crore to reach Rs 7,72,023.49 crore. Investors of telecom giant Bharti Airtel also enjoyed and the company’s market cap (Airtel MCap) jumped to Rs 8,45,123.87 crore. Those who invested in the company have earned Rs 11,727.55 crore in five days. The market value of ICICI Bank jumped by Rs 10,913.96 crore and it increased to Rs 8,36,115.19 crore.
Talking about other companies that showered money on their investors last week, ITC was also included in it. ITC Market Cap increased by Rs 8,569.73 crore to Rs 6,28,399.10 crore. Apart from this, the market value (Reliance MCap) of Reliance Industries led by Asia’s richest man Mukesh Ambani increased by Rs 5,311.4 crore to Rs 20,00,076.41 crore. At the same time, HUL Market Cap increased by Rs 117.48 crore and it increased to Rs 6,45,926.13 crore.
Out of the top 10 companies of Sensex, the last week was a loss-making week, and the country’s largest insurance company LIC was at the top of the list. LIC’s market cap fell by Rs 47,943.48 crore to Rs 6,69,058.26 crore. Shareholders of HDFC Bank, the largest private sector bank in the country, have also suffered a loss. The bank’s market value fell by Rs 13,064 crore in five days and fell to Rs 12,43,441.53 crore. Apart from this, the value of the country’s largest government bank has fallen. SBI Market Cap fell by Rs 10,486.42 crore to Rs 7,25,080.10 crore.
Last week too, Mukesh Ambani’s company Reliance Industries Limited remained at the top of the list of most valuable companies. It was followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, Hindustan Unilever and ITC respectively.
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Source (PTI) (NDTV) (HINDUSTANTIMES)