Last week proved to be a great week for the investors of Tata Group’s IT giant TCS. On one hand, the Bombay Stock Exchange’s 30-share Sensex remained up by about 1 percent, while on the other hand, there was a strong jump in the market capitalization (Market Cap) of seven of the top-10 Sensex companies. Meanwhile, the maximum profit was made by the shareholders of TCS and they earned more than Rs 67000 crore in just five days.
Two big IT companies top in earning
Last week, the market value of seven companies out of Sensex Top-10 Firms has jointly increased by Rs 1,40,863.66 crore. The country’s number-1 and number-2 IT companies were at the forefront in terms of earning income for their investors. Yes, investors of Tata Consultancy Services and Infosys printed the most money, apart from this investors from Reliance to ICICI Bank have benefited.
There was a tremendous rise in TCS shares also
If we talk 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 huge rise of 2.77 percent. This rise in shares also affected the market cap (TCS MCap) of the company and it reached the level of Rs 15.99 lakh crore. According to this, the wealth of TCS investors has increased by Rs 67,477.33 crore in the five days of last week.
Infosys investors also have fun
The market capitalization (Infosys Market Cap) of Infosys, which was the top earning IT firm after TCS, reached Rs 7,72,023.49 crore with an increase of Rs 36,746.21 crore. Investors of telecom giant Bharti Airtel were also happy and the company’s market cap (Airtel MCap) jumped to Rs 8,45,123.87 crore. Those who invested money in the company have earned Rs 11,727.55 crore in five days. The market value of ICICI Bank increased by Rs 10,913.96 crore and increased to Rs 8,36,115.19 crore.
These companies also made money
If we talk about other companies that showered money on their investors last week, ITC was also involved 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 (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. Whereas HUL Market Cap increased by Rs 117.48 crore and increased to Rs 6,45,926.13 crore.
Loss to LIC-HDFC Bank
Among the top 10 Sensex companies for which the past week was a loss-making one, the country’s largest insurance company LIC was at number one. The market cap of LIC declined 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 been hurt. The market value of the bank decreased by Rs 13,064 crore in five days and it came down to Rs 12,43,441.53 crore. Apart from this, the value of the country’s largest government bank has fallen. SBI Market Cap stood at Rs 7,25,080.10 crore with a decrease of Rs 10,486.42 crore.
Most valuable company Reliance
Even last week, Mukesh Ambani’s company Reliance Industries Limited remained at the first position in the list of most valuable companies. After this, TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, Hindustan Unilever and ITC were ranked respectively.
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