2.51 lakh crore increase in Reliance Market Cap in 5 business days, know what happened to other companies
new Delhi. The week of Reliance Industries, the country’s most valuable company, was no less than a dream. Reliance Retail received Rs 7500 crore from a deal with Silver Lake. After which the shares of Reliance Industries gained about 12 percent. Due to which the company’s market cap has crossed Rs 15 lakh crore. According to the data, the market cap of four of the top ten companies in the country increased by Rs 3 lakh crore. Let us tell you that apart from Reliance Industries, Tata Consultancy Services, Hindustan Unilever and Infosys have seen a rise in market cap.
Increase in market cap of reliance
According to data from BSE, Reliance Industries proved to be the biggest gainer in the stock market last week. Where Reliance shares closed at Rs 2077.40 on September 4. Thereafter, on September 11, the company’s share price closed at Rs 2318.47. That is, during a week, the company’s shares rose by Rs 241.07. The effect of which was also seen in the company’s market cap. The market cap on 4 September was Rs 13,16,947.89 crore, which increased to Rs 15,68,015.09 crore. During this period the market cap of the company has increased by Rs 2,51,067.20 crores.
There was a rise in the market cap of these companies
On the other hand, the market cap of Tata Consultancy Services, Hindustan Unilever and Infosys, apart from Reliance, has seen a boom. According to the data, the market cap of TCS rose by Rs 31,501.27 crore to Rs 8,90,703.56 crore in the week under review. Infosys saw a market cap of Rs 11,138.31 crore to Rs 4,02,683.22 crore. Hindustan Unilever’s market cap rose by Rs 8,141.21 crore to Rs 5,07,327.93 crore.
Fall in market cap of these companies
HDFC Bank’s market capitalization declined by Rs 22,727.92 crore to Rs 5,93,512.25 crore. Bharti Airtel has seen a market cap of Rs 17,157.73 crore, after which the company’s mcap is Rs 2,68,222.48 crore. Kotak Mahindra Bank declined by Rs 9,608.05 crore to Rs 2,63,207.24 crore. At the same time, the market cap of ITC declined by Rs 3,383.8 crore and it stood at Rs 2,26,283.99 crore. At the same time, ICICI Bank’s market cap was reduced by Rs 1,823.57 crore to Rs 2,55,249.73 crore. HDFC’s market cap declined by Rs 99.95 crore to Rs 3,17,221.68 crore.