Reliance Leads Big Boys Club, M-Cap Soars Most Last Week, SBI Follows

By Malvika Gurung

Investing.com — The domestic market indices recovered from their previous week’s losses and posted the highest weekly gains since July 2022, and closed at best levels since December last week.

Benchmark indices and jumped 2.5% each in the week ended April 28, witnessing buying across all sectors.

The country’s top 10 most-valued companies witnessed their net cumulative market valuation rally by a whopping Rs 1,84,225.43 crore last week, with nine companies adding wealth in the period.

India’s most valued company by market capitalization Reliance Industries (NS:) added the highest share of wealth to its kitty last week, followed by the banking behemoths State Bank of India (NS:) and private lender ICICI Bank (NS:).

The FMCG bellwether Hindustan Unilever (NS:) is the only company in the top-10 Indian list that witnessed a decline in market valuation last week.

Here’s how the giants of the elite Big Boys club performed in the previous week.

• RIL’s m-cap soared by Rs 48,238.78 crore.
• SBI’s wealth zoomed by 31,325.39 crores.
• ICICI Bank’s valuation rallied by Rs 23,472.25 crore.
• ITC (NS:) added Rs 21,003.35 crore to its wealth.
• TCS’ (NS:) valuation jumped by Rs 19,886.94 crore.
• Bharti Airtel’s (NS:) valuation gained Rs 18,874.22 crore.
• Infosys (NS:) added wealth of Rs 10,447.1 crore.
• HDFC Bank’s (NS:) valuation surged by Rs 8,115.33 crore.
• HDFC (NS:) added Rs 2,862.07 crore to its kitty.
• HUL’s m-cap plunged Rs 10,244.22 crore.