Airtel and ITC made profits to investors even in the falling stock market, Reliance and ICICI gave a shock. Airtel and ITC made profits to investors even in falling stock market, Reliance and ICICI gave

stock exchanges The combined valuation of eight of the country’s ten most valuable companies declined by Rs 1,03,732.39 crore last week amid a falling trend in stocks, with Reliance Industries and ICICI Bank the biggest losers. Due to this, the investors investing in these companies suffered huge losses. At the same time, except for Bharti Airtel and ITC, the market position of the remaining eight companies declined. That is, investors investing in Airtel and ITC should remain profitable even in a falling market. Reliance Industries was the biggest loser among the top ten companies. Its market valuation declined by Rs 41,878.37 crore to Rs 15,71,724.26 crore. Last week, the BSE’s 30-share index Sensex declined by 673.84 points, or 1.12 percent.

ICICI Bank’s market cap decreased by so much

ICICI Bank’s market cap declined by Rs 18,134.73 crore to Rs 5,88,379.98 crore. The capitalization of HDFC Bank declined by Rs 15,007.38 crore to Rs 8,86,300.20 crore and that of State Bank of India declined by Rs 12,360.59 crore to Rs 4,88,399.39 crore. HDFC’s valuation declined by Rs 6,893.18 crore to Rs 4,77,524.24 crore. TCS’s valuation declined by Rs 4,281.09 crore to Rs 12,18,848.31 crore. The market cap of Infosys declined by Rs 3,555.83 crore to Rs 6,19,155.97 crore and that of Hindustan Unilever declined by Rs 1,621.22 crore to Rs 5,78,739.57 crore.

Rise in market cap of Airtel and ITC

Bharti Airtel, on the other hand, remained profitable and its market capitalization rose by Rs 5,071.99 crore to reach Rs 4,31,230.51 crore. ITC’s valuation also increased by Rs 4,036.2 crore to Rs 4,81,922.33 crore. Reliance retained its position as the country’s most valuable company. It was followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, SBI, ITC, HDFC and Bharti Airtel.

Latest Business News