The combined market capitalisation of seven out of India’s top 10 most valuable companies surged by an impressive Rs 2,16,544.29 crore last week. This
growth was driven largely by bullish trends across equity markets. The BSE benchmark index rose sharply, gaining 1,451.37 points or 1.75 per cent during the week, reflecting broad investor optimism. Reliance Industries and Bharti Airtel Shine Bright Among the top 10 firms, Reliance Industries led the pack with its valuation soaring by Rs 47,363.65 crore to reach Rs 19,17,483.71 crore, retaining its position as the most valuable Indian company. Close behind, Bharti Airtel added Rs 41,254.73 crore, pushing its market cap to Rs 11,47,235.08 crore. ICICI Bank and HDFC Bank also made notable gains, with their market caps increasing by Rs 40,123.88 crore and Rs 33,185.59 crore, respectively. Other gainers included Bajaj Finance, which climbed Rs 28,903.45 crore to Rs 6,65,899.19 crore, Hindustan Unilever, which edged up Rs 17,774.65 crore, and State Bank of India, which rose by Rs 7,938.34 crore. Some Giants Saw Valuations Dip While most top companies saw valuation growth, three firms experienced declines. Infosys’ market cap slipped by Rs 30,306.35 crore to Rs 5,98,773.87 crore. Similarly, Tata Consultancy Services (TCS) fell by Rs 23,807.01 crore, bringing its market value to Rs 10,71,894.61 crore. Life Insurance Corporation of India (LIC) also saw a dip, losing Rs 7,684.87 crore in valuation. Despite these setbacks, the rankings of the most valuable firms remained largely unchanged, with Reliance Industries, HDFC Bank, and Bharti Airtel holding the top three spots. Q2 Results Meanwhile, RIL on Friday reported a 9.6 per cent year-on-year rise in consolidated net profit for the quarter ended September, driven by a solid performance in its consumer-facing businesses and a recovery in its oil-to-chemicals (O2C) segment. The company reported a net profit of Rs 18,165 crore for the July–September period, up from Rs 16,653 crore in the same quarter a year ago. However, the figure marks a sharp 33 per cent decline from the Rs 27,550 crore earned in the April–June quarter of the current financial year. Revenue from operations during the second quarter increased to Rs 2.59 lakh crore, compared to Rs 2.35 lakh crore in the corresponding period last year, according to RIL's filing with the stock exchanges.
